Question: when 1st submitted it the numbers were wrong I need the correct numbers that are missing in the blanks please Comparative balance sheets for 2024


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,$248 million of equipment was purchased to replace $180 million of equipment (90\%s depreciated) sold at book value. b. In order to maintain the usual policy of paying cash dividends of $68 million, it was necessary for Red to borrow $68 million from its bank. Required: Prepare the statement of cash flows for Red, Incorporated, using the indirect method to report operating activities. Note: Cash outflows should be indicated with a minus sign. Enter your answers in millions (l.e, 10,000,000 should be entered as 10). (x) Answer is not complete. RED, INCORPORATED Statement of Cash Flows For year ended December 31, 2024 (\$ in millions) Cash flows from operating activities: Net income Adjustments for noncash effects
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