won21 Swed 4 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. 9 RED, INC Comparative Balance Sheets December 31, 2021 and 2020 ($ In millions) Assets Cash Accounts receivable Prepaid Insurance Inventory Buildings and equipment Less Accumulated depreciation BOOK 537 210 11 270 426 (132) $ 822 5 122 145 9 188 363 (253) 574 Hint 5 126 16 Liabilities Accounts payable Accrued liabilities Notes payable Bonds payable Shareholders' Equity Common stock Retained earnings $ 100 10 63 176 Print 413 68 $ 822 413 19 $ 574 Tences RED, INC Statement of Income For Year Ended December 31, 2021 (5 in millions Revenues Sales revenue $2,210 Expenses Cost of goods sold 51,515 Depreciation expense 41 Operating expenses 550 2. 106 Net income 5104 Additional information from the accounting records RED, INC. Statement of Cash Flows For year ended December 31, 2021 (s in millions) Cash flows from operating activities: Cash inflows: Cash outflows: Net cash flows from operating activities Cash flows from investing activities: $ 0 Net cash flows from investing activities Cash flows from financing activities: 0 0 Net cash flows from financing activities Net increase (decrease) in cash Cash balance, January 1 Cash balance, December 31 0 $ won21 Swed 4 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. 9 RED, INC Comparative Balance Sheets December 31, 2021 and 2020 ($ In millions) Assets Cash Accounts receivable Prepaid Insurance Inventory Buildings and equipment Less Accumulated depreciation BOOK 537 210 11 270 426 (132) $ 822 5 122 145 9 188 363 (253) 574 Hint 5 126 16 Liabilities Accounts payable Accrued liabilities Notes payable Bonds payable Shareholders' Equity Common stock Retained earnings $ 100 10 63 176 Print 413 68 $ 822 413 19 $ 574 Tences RED, INC Statement of Income For Year Ended December 31, 2021 (5 in millions Revenues Sales revenue $2,210 Expenses Cost of goods sold 51,515 Depreciation expense 41 Operating expenses 550 2. 106 Net income 5104 Additional information from the accounting records RED, INC. Statement of Cash Flows For year ended December 31, 2021 (s in millions) Cash flows from operating activities: Cash inflows: Cash outflows: Net cash flows from operating activities Cash flows from investing activities: $ 0 Net cash flows from investing activities Cash flows from financing activities: 0 0 Net cash flows from financing activities Net increase (decrease) in cash Cash balance, January 1 Cash balance, December 31 0 $