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Comparative balance sheets for 2021 and 2020, a statement of income for 2021, and additional information from the accounting records of Red, Inc., are provided below.

RED, INC. Comparative Balance Sheets December 31, 2021 and 2020 ($ in millions)
	2021				2020
Assets
Cash	$	44			$	152
Accounts receivable		198				152
Prepaid insurance		12				5
Inventory		325				195
Buildings and equipment		440				370
Less: Accumulated depreciation		(139	)			(260	)
	$	880			$	614
Liabilities
Accounts payable	$	107			$	140
Accrued liabilities		11				16
Notes payable		70				0
Bonds payable		181				0
Shareholders Equity
Common stock		420				420
Retained earnings		91				38
	$	880			$	614

RED, INC. Statement of Income For Year Ended December 31, 2021
($ in millions)
Revenues
Sales revenue				$	2,200
Expenses
Cost of goods sold	$	1,482
Depreciation expense		50
Operating expenses		545			2,077
Net income				$	123

Additional information from the accounting records:

1. During 2021, $250 million of equipment was purchased to replace $180 million of equipment (95% depreciated) sold at book value.
2. In order to maintain the usual policy of paying cash dividends of $70 million, it was necessary for Red to borrow $70 million from its bank.

Required: Prepare the statement of cash flows for Red, Inc., using the indirect method to report operating activities. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)

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