please help I will give thumbs up

Required information [The following information applies to the questions displayed below] 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, $260.0 million of equipment was purchased to replace $180.0 million of equipment (95.0% depreciated) sold at book value. b. In order to maintain the usual policy of paying cash dividends of $100.0million, it was necessary for Red to borrow $1000 million from its bank. Required: Required: Prepare the T-account for Red, Incorporated. Note: Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5). depreciated) sold at book value. b. In order to maintain the usual policy of paying cash dividends of $100.0 million, it was necessary for Red to bo $100.0 million from its bank. Required: Prepare the T-account for Red, Incorporated. Note: Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5). Check my werk Required information \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{ Inventory } \\ \hline & & Credit \\ \hline Beginning Balance & & \\ \hline & & \\ \hline & & \\ \hline Ending Balance. & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|} \hline \multicolumn{3}{|c|}{ Aceounts Payable } \\ \hline Beginning Balance & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} Required information depreciated) sold at book value. b. In order to maintain the usual policy of paying cash dividends of $100.0 million, it was necessary for Red to borrow $100.0 million from its bank. Required: repare the statement of cash flows (direct method) for Red, Incorporated, Use the T-account method to assist in your analysis. Note: Cash outflows should be indicated with a minus sign. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5 ). (1) Required information \begin{tabular}{|l|l|l|} \hline Cash flows from operating activities: & & \\ \hline Cash inflows: & & \\ \hline Cash outflows: & & \\ \hline & & \\ \hline Net cash flows from operating activities & & \\ \hline Cash flows from investing activities: & & \\ \hline & & \\ \hline & & \\ \hline Net cash flows from investing activities & & \\ \hline Cash flows from financing activities: & & \\ \hline & & \\ \hline Cash balance, January 1 & & \\ \hline Cash balance, December 31 & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular} Required information [The following information applies to the questions displayed below] 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, $260.0 million of equipment was purchased to replace $180.0 million of equipment (95.0% depreciated) sold at book value. b. In order to maintain the usual policy of paying cash dividends of $100.0million, it was necessary for Red to borrow $1000 million from its bank. Required: Required: Prepare the T-account for Red, Incorporated. Note: Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5). depreciated) sold at book value. b. In order to maintain the usual policy of paying cash dividends of $100.0 million, it was necessary for Red to bo $100.0 million from its bank. Required: Prepare the T-account for Red, Incorporated. Note: Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5). Check my werk Required information \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{ Inventory } \\ \hline & & Credit \\ \hline Beginning Balance & & \\ \hline & & \\ \hline & & \\ \hline Ending Balance. & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|} \hline \multicolumn{3}{|c|}{ Aceounts Payable } \\ \hline Beginning Balance & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} Required information depreciated) sold at book value. b. In order to maintain the usual policy of paying cash dividends of $100.0 million, it was necessary for Red to borrow $100.0 million from its bank. Required: repare the statement of cash flows (direct method) for Red, Incorporated, Use the T-account method to assist in your analysis. Note: Cash outflows should be indicated with a minus sign. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5 ). (1) Required information \begin{tabular}{|l|l|l|} \hline Cash flows from operating activities: & & \\ \hline Cash inflows: & & \\ \hline Cash outflows: & & \\ \hline & & \\ \hline Net cash flows from operating activities & & \\ \hline Cash flows from investing activities: & & \\ \hline & & \\ \hline & & \\ \hline Net cash flows from investing activities & & \\ \hline Cash flows from financing activities: & & \\ \hline & & \\ \hline Cash balance, January 1 & & \\ \hline Cash balance, December 31 & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular}