Required information [The following information applies to the questions displayed below.] Comparative 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: Required: Prepare the T-account for Red, Incorporated. Note: Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5). Required information [The following information applies to the questions displayed below.] Comparative 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: Required: Prepare the T-account for Red, Incorporated. Note: Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5)