What is the correct value for b$.$

The following information is available from Gray Company's accounting records for the year ended December $31,2022($amounts in

millions$)$:

Required:

a$.$ The net cash provided by operating activities for Gray Company for the year ended December $31,2022,$ is $$234$ million. Calculate

the cash paid to suppliers and employees.

b$.$ The increase in cash for the year was $$60$ million. Calculate the amount of cash used to purchase buildings and equipment. Your

answer to part a should be considered in your calculation. $($Hint: Set up a model of the statement of cash flows to determine the net

cash provided $[$used$]$ by operating and investing activities, and then solve for the missing amounts.$)$

Note: For all requirements, Enter your answer in millions. $($i$.$e$.,5,000,000$ should be entered as $5)$

Answer is complete but not entirely correct.