ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fblackboard.kean.edu%252Fwebapps%2521 Apps Ocean Connect Close Browser BL. Blackboard Learn Course Content - 2... X xFinity | Portal Citing a Website in... Unit 8 AS: Exercises and Problems (Connect) i Saved 3 Statement of Cash Flows For year ended December 31, 2021 ($ in millions) Cash flows from operating activities: Cash inflows. 7 points Cash outflows eBook Hint Net cash flows from operating activities Print Cash flows from investing activities References Net cash flows from investing activities Cash flows from financing activities Net cash flows from financing activities Net increase (decrease) in cash Cash balance, January 1 Cash balance, December 31 Mc Graw fry Hillestion 3 - Unit 8 AS: Exercises X " ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fblackboard.kean.edu%252Fwebapps%252Fportal%252Fframeset.js Ocean Connect Close Browser B. Blackboard Learn Course Content - 2... X xFinity | Portal Citing a Website in... Unit 8 AS: Exercises and Problems (Connect) i Saved Help 3 Snarenolaers. Equity Common stock 416 416 Retained earnings 64 39 $ 849 $ 606 points RED, INC. Statement of Income For Year Ended December 31, 2021 ($ in millions) eBook Revenues Sales revenue $2, 200 Hint Expenses Cost of goods sold $1, 467 Print Depreciation expense 41 Operating expenses 501 2, 109 References Net income $ 91 Additional information from the accounting records: a. During 2021, $246 million of equipment was purchased to replace $180 million of equipment (90% depreciated) sold at book value. b. In order to maintain the usual policy of paying cash dividends of $66 million, it was necessary for Red to borrow $66 million from its bank. Required: Prepare the statement of cash flows of Red, Inc., using the direct method to report operating activities. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10). Amounts to be deducted should be indicated with a minus sign.) RED, INC. Mc Graw