Required information [The following information applies to the questions displayed below.] 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. RED, INC Comparative Balance Sheets December 31, 2021 and 2020 ($ in millions) 2021 2020 Assets Cash $ 44.0 $ 115.0 Accounts receivable 168.0 131.0 Prepaid insurance 6.0 4.0 Inventory 263.0 161.0 Buildings and equipment 374.0 332.0 Less: Accumulated depreciation (131.0) (232.0) $ 724.0 $ 511.0 Liabilities Accounts payable $ 85.0 $ 95.0 Accrued liabilities 4.0 7.0 Notes payable 50.0 0.0 Bonds payable 145.0 0.0 Shareholders' Equity Common stock 400.0 400.0 Retained earnings 40.0 9.9 $ 724.0 $ 511.0 RED, INC. Statement of Income For Year Ended December 31, 2021 ($ in millions) Revenues Sales revenue $1,780.0 Expenses Cost of goods sold $1,246.0 Depreciation expense 32.0 Operating expenses 421.0 1,699.0 Net income $ 81.0 Additional information from the accounting records: a. During 2021, $182.0 million of equipment was purchased to replace $140.0 million of equipment (95.0% depreciated) sold at book value. b. In order to maintain the usual policy of paying cash dividends of $50.0 million, it was necessary for Red to borrow $50.0 million from its bank. Required: Prepare the statement of cash flows (direct method) for Red, Inc. Use the T-account method to assist in your analysis. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).)