Required information

Exercise $21-32($Algo$)$ Statement of cash flows; T$-$account method $[$LO$21-8,$ Appendix $21$B$]$

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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:

Exercise $21-32($Algo$)$ Part $2$

Required:

Prepare 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 $5\mathrm{.}5.$

$\backslash$table$[[$RED$,$ INCORPORATED$],[$Statement of Cash Flows$],[$For year ended December $31,2024($ $ in millions$)],[$Cash flows from operating activities:$],[$Cash inflows:$],[,,,],[$Cash outflows:$],[.,,,],[,,,],[,,,],[$Net cash flows from operating activities,,$$,0\mathrm{.}0],[$Cash flows from investing activities:$],[,,,],[=$