I HAVE $40$ MINUTES PLEASE HELP ME

The following information has been reported by Laporte Inc. on statements of financial position at December 31, 2023 and 2022 and on its statement Of earnings for the year ended December 31, 2023. Amounts are in millions of dollars: Statement"f Position Cash Accounts receivable Merchandise inventory Longterm investments Property, plant, and equipment Accumulated depreciation Total assets Accounts payable Income taxes payable Longterm borrowings Share capital Retained earnings Total liabilities and shareholders ' Statement of Sales Cost of sales Gross profit Depreciation expense Other operating expenses Earnings from operations Gain on sale of investments Loss on sale of equipment Earnings before income tax Income tax expense Net earnings Additional information is as follows: equity Earnings 2e23 $ 126 63 250 (33) $ 486 $ 54 208 75 486 $ 235 (141) (62) 22 28 $ 23 2022 $ 87 62 56 192 (58) $ 76 75 S 409 a. Old equipment was sold for cash during 2023. It had an original cost of $42 and an accumulated depreciation of $35. b. A new building was acquired during the year in exchange for a long-term note for $70, payable in five years. In addition, new equipment was purchased for cash. a. Old equipment was sold for cash during 2023. It had an original costof$42 and an accumulated depreciation of $35. b. Anew building was acquired during the year in exchange for a long-term note for $70, payable in five years. In addition. new Required: 1. Prepare the operating activities section of the statement of cash flows for Laporte Inc. for the year ended December 31.2023 by using the indirect method. (Negative answers should be indicated by a minus sign. Enter your answers in millions.) Statement Ot Cash Flows (Partial) Check my the Y"' Cash Nows from opeabng activities: Not Aaa (deduct) items not affecting cash: Ooprociabon expense LOSS on Of Gain on Of investments Increase In acan_jnts receivable Decrease in accounts payable in incorno payable Not cash nows used for operating Hivities (7) 2. Prepare the investing activities section of the statement of cash flows for Laporte Inc. for the year ended December 31, 2023. (Negative answers should be indicated by a minus sign. Enter your answers in millions.) pokTE Statement of Cash Flows (Partial) ear En Cash flows from investing activities: Purchase of equipment Sale of long-term investment Sale of equipment Net cash flows from investing activities 64 64 3. Compute each of the following for the year 2023: (a) quality of earnings ratio, (b) capital expenditures ratio, and (c) free cash flow. (Negative answers should be indicated by a minus sign. Round "Ratio" answers to 2 decimal places.) (a) Quality of earnings ratio (b) Capital expenditures ratio (c) Free cash now 4. Based on your answers to (1.) and (2.) above, determine the net cash flow from financing activities. (Hint: This can be done without preparing the financing activities section of the statement.) (Enter your answer in millions.) 5. The president of Laporte Inc., Tanya Turcotte, was provided with a copy of the operating activities section of the statement of cash flows that you prepared in (1), and made the following comment: "This report is supposed to show operating cash inflows and outflows during the year, but I don't see how much cash Laporte Inc. received from customers and how much it paid to trade suppliers and for income taxes. Please ask whoever prepared this statement to provide me with these numbers." Based on Tanya's comment, compute the following amounts for 2023: (Enter your answers in millions.) b. c. Cash collected from custorners Cash paid to trade suppliers Cash paid for income taxes.