Required Information [The following information applies to the questions displayed below.] Comparatlve balance sheets for 2024 and 2023, a statement of Income for 2024, and additional Information from the accounting records of Red, Incorporated, are provided below: Additional Information from the accounting records: a. Durlng 2024 , $224.0 million of equipment was purchased to replace $180.0 million of equipment (95.0% depreclated) sold at book value. b. In order to maintaln the usual policy of paying cash dividends of $50.0 million, It was necessary for Red to borrow $50.0 million from its bank. equired: epare the statement of cash flows (direct method) for Red, Incorporated. Use the T-account method to assist In your analysis. ote: Cash outflows should be Indicated with a minus sign. Enter your answers in millions rounded to 1 decimal place (l.e., 500,000 should be entered as 5.5 )