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Please and thank you so much! The following information has been reported by Laporte Inc. on its statements of financial position at December 31, 2016

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Please and thank you so much!

The following information has been reported by Laporte Inc. on its statements of financial position at December 31, 2016 and 2017, and on its statement of earnings for the year ended December 31, 2017. Amounts are in millions of dollars: Statements of Financial Position 2017 Cash $ 90 Accounts receivable 38 Merchandise inventory 30 Long-term investments Property, plant, and equipment 192 Accumulated depreciation (67) 2016 $ 70 28 36 22 158 (92) Total assets $283 $222 Accounts payable Income taxes payable Long-term borrowings Contributed capital Retained earnings $ 28 4 81 130 40 42 5 21 120 34 Total liabilities and shareholders' equity $283 $222 Sales Cost of sales Statement of Earnings $150 (90) Sales Cost of sales Statement of Earnings $ 150 (90) Gross profit Depreciation expense Other operating expenses 60 (10) (40) Earnings from operations Gain on sale of investments Loss on sale of equipment 10 7 (2) Earnings before income tax Income tax expense 15 5 Net earnings $ 10 Additional information is as follows: a. Old equipment was sold for cash during 2017. It had an original cost of $50 and an accumulated depreciation of $35. b. A new building was acquired during the year in exchange for a long-term note for $60, payable in five years. In addition, new equipment was purchased for cash. Required: 1. Prepare the operating activities section of the statement of cash flows for Laporte Inc. for the year ended December 31, 2017 by using the indirect method. (Negative answers should be indicated by a minus sign. Enter your answers in millions.) LAPORTE INC. Statement of Cash Flows (Partial) For the Year Ended December 31, 2017 Cash flows from operating activities: Add (deduct) items not affecting cash: Net cash used for operating activities $ 0 2. Prepare the investing activities section of the statement of cash flows for Laporte Inc. for the year ended December 31, 2017. (Negative answers should be indicated by a minus sign. Enter your answers in millions.) LAPORTE INC. Statement of Cash Flows (Partial) For the Year Ended December 31, 2017 Cash flows from investing activities: Net cash flow from investing activities $ 0 3. Compute each of the following for the year 2017: (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 flow 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.) Cash flow from financing activities 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 2017: (Enter your answers in millions.) a. Cash collected from customers b. Cash paid to trade suppliers c. Cash paid for income taxes

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