RED, INCORPORATED Comparative Balance Sheets December $31,2024$ and $2023(\backslash$$ in millions$)$RED$,$ INCORPORATED Statement of Income For Year Ended December $31,2024(\backslash$$ in millions$)$

Additional information from the accounting records:

a$.$ During $2024,\backslash (\backslash$$ $272\backslash )$ million of equipment was purchased to replace $\backslash (\backslash$$ $210\backslash )$ million of equipment $(\backslash (80\backslash \%\backslash )$ depreciated$)$ sold at book value.

b$.$ In order to maintain the usual policy of paying cash dividends of $\backslash (\backslash$$ $62\backslash )$ million, it was necessary for Red to borrow $\backslash (\backslash$$ $62\backslash )$ million from its bank. $\backslash$begin$\{$tabular$\}\{|$l$|$l$|$l$|\}$

$\backslash$hline $\backslash$multicolumn$\{3\}\{|$c$|\}\{$RED$,$ INCORPORATED$\}\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{3\}\{|$c$|\}\{$Statement of Cash Flows$\}\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{3\}\{|$c$|\}\{$For year ended December $31,2024(\backslash$$ in millions$)\}\backslash \backslash$

$\backslash$hline Cash flows from operating activities: & & $\backslash \backslash$

$\backslash$hline Cash inflows: & & $\backslash \backslash$

$\backslash$hline From customers & & $\backslash \backslash$

$\backslash$hline Cash outflows: & & $\backslash \backslash$

$\backslash$hline To suppliers of goods & & $\backslash \backslash$

$\backslash$hline For operating expenses & & $\backslash \backslash$

$\backslash$hline & & $\backslash \backslash$

$\backslash$hline Net cash flows from operating activities & & $\backslash$$ $0\backslash \backslash$

$\backslash$hline Cash flows from investing activities: & & $\backslash \backslash$

$\backslash$hline Purchase of equipment & & $\backslash \backslash$

$\backslash$hline & & $\backslash \backslash$

$\backslash$hline & & $\backslash \backslash$

$\backslash$hline Net cash flows from investing activities & & $0\backslash \backslash$

$\backslash$hline Cash flows from financing activities: & & $\backslash \backslash$

$\backslash$hline Issuance of note payable & & $\backslash \backslash$

$\backslash$hline Issuance of bonds payable & & $\backslash \backslash$

$\backslash$hline Payment of dividends & & $\backslash \backslash$

$\backslash$hline & & $\backslash \backslash$

$\backslash$hline Net cash flows from financing activities & & $0\backslash \backslash$

$\backslash$hline Net increase $($decrease$)$ in cash & & $0\backslash \backslash$

$\backslash$hline Cash balance, January $1$ & & $\backslash \backslash$

$\backslash$hline Cash balance, December $31$ & & $\backslash$$ $0\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$