Question 3, 4 and 5 please :)

P5-5 (Appendix 5A) Preparing the Statement of Cash Flows with Sale of Equipment (Indirect Method) LO5-2,5-3,5-5, 5-S1 ances The following information has been reported by Laporte Inc. on its statements of financial position at December 31, 2019 and 2020 and on its statement of earnings for the year ended December 31, 2020. Amounts are in millions of dollars: Statements of Financial Position 2020 2019 Cash $ 140 $ 84 Accounts receivable 76 56 Merchandise inventory 59 54 Long-term investimenta 50 Property, plant, and equipment 246 186 Accumulated depreciation 149) (64) Total assets $ 472 5376 Accounts payable $ 56 70 Income taxes payable 7 8 Long-term borrowings 146 76 Contributed capital 203 180 Retained earnings 60 42 Total liabilities and shareholders' equity $ 472 $ 376 Statement of Earnings sales $ 220 Coat of sales (132) Gross profit Depreciation expense (10) Other operating expenses (53) Earnings from operations 25 Gain on sale of investments 6 Loss on sale of equipment 12) Earnings before income tax 29 Income tax expense 8 Met earnings $ 21 Additional information is as follows: a. Old equipment was sold for cash during 2020. It had an original cost of $40 and an accumulated depreciation of $25. 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. Required: