Question: Drag down options on the left are also listed below. Thanks in advance! :) Comparative balance sheets for 2024 and 2023 , a statement of
Drag down options on the left are also listed below. Thanks in advance! :)




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: Additional information from the accounting records: a. During 2024,$235 million of equipment was purchased to replace $180 million of equipment ( 85% depreciated) sold at book value. b. In order to maintain the usual policy of paying cash dividends of $65 million, It was necessary for Red to borrow $65 million from its bank. 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 (1.e., 10,000,000 should be entered as 10). Cash outflows should be Indlcated with a minus sign. Depreciation expense For operating expenses From customers Issuance of bonds payable Issuance of note payable Payment of dividends Purchase of equipment Sale of equipment To suppliers of goods
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