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:

RED, INCORPORATED

Comparative Balance Sheets

December $31,2024$ and $2023($$ in millions$)$

$20242023$

Assets

Cash $ $38$ $ $110$

Accounts receivable $215146$

Prepaid insurance $137$

Inventory $280200$

Buildings and equipment $428364$

Less: Accumulated depreciation $(133)(254)$

$ $841$ $ $573$

Liabilities

Accounts payable $ $101$ $ $128$

Accrued liabilities $1217$

Notes payable $640$

Bonds payable $1500$

Shareholders$$ Equity

Common stock $414414$

Retained earnings $10014$

$ $841$ $ $573$

RED, INCORPORATED

Statement of Income

For Year Ended December $31,2024$

$($$ in millions$)$

Revenues

Sales revenue $ $2,140$

Expenses

Cost of goods sold $ $1,447$

Depreciation expense $23$

Operating expenses $5201,990$

Net income $ $150$

Additional information from the accounting records:

During $2024,$ $$244$ million of equipment was purchased to replace $$180$ million of equipment $(80\%$ depreciated$)$ sold at book value.

In order to maintain the usual policy of paying cash dividends of $$64$ million, it was necessary for Red to borrow $$64$ million from its bank.

Required:

Prepare the statement of cash flows of Red, Incorporated, for the year ended December $31,2024,$ using the direct method to report operating activities.

Note: Enter your answers in millions $($i$.$e$.,10,000,000$ should be entered as $10).$ Cash outflows should be indicated with a minus sign.

Here is the fomat for the answer:$\backslash$table$[[$RED$,$ INCORPORATED$],[$Statement of Cash Flows,$],[$Cash flows from operating activities:,,$],[$Cash inflows:,,$],[$From customers,,$],[$Cash outflows:,,$],[,,],[$For operating expenses,,$],[,,$$$1,],[$Net cash flows from operating activities,,$],[$Cash flows from investing activities:,,$],[$Sale of equipment,,$],[$Purchase of equipment,,$],[,,],[$Net cash flows from investing activities,,$],[$Cash flows from financing activities:,,$],[$Issuance of note payable,,$],[$Issuance of bonds payable,$150,],[$Payment of dividends,$(64),],[,,],[$Net cash flows from financing activities,,$150],[$Net increase $($decrease$)$ in cash,,$(58)],[$Cash balance, January $1,,110],[$Cash balance, December $31,,52]]$

The format for the question, and what i have so far is in the image. Thank you