Exercise 21-31 (Algo) Statement of cash flows; indirect method [LO21-4, 21-5, 21-6, 21-8] Appendix 21A Comparative balance sheets for 2021 and 2020, a statement of income for 2021 , and additional information from the accounting records of Red, Inc., are provided below. Additional information from the accounting rcords: a. During 2021,$315 million of equipment was purchased to replace $180 million of equipment ( 80% depreciated) sold at book value. b. In order to maintain the usual policy of paying cash dividends of $32 million, it was necessary for Red to borrow $32 million from its bank. Required: Prepare the statement of cash flows for Red, Inc., using the indirect method to report operating activities. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions (i.e., 10,000,000 should be entered as 10 ).) Prepare the statement of cash flows for Red, Inc., using the indirect method to report operating activities. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions (i.e., 10,000,000 should be entered as 10 ).)