Additional information from the accounting records: a. During 2024 , $277 million of equipment was purchased to replace $180 million of equipment ( 90% depreclated) sold at boc value. b. In order to maintaln the usual policy of paying cash dividends of $54 million, It was necessary for Red to borrow $54 million Its bank. Required: Prepare the statement of cash flows of Red, Incorporated, for the year ended December 31, 2024, using the direct method to rep operating actlvitles. Note: Enter your answers In millions (l.e., 10,000,000 should be entered as 10). Cash outflows should be Indlcated with a min slgn