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 2016 Cash $ 125 $ 80 Accounts receivable 68 48 Merchandise inventory 49 56 Long-term investments 42 Property, plant, and equipment 215 178 Accumulated depreciation (57) (72) Total assets $400 $332 Accounts payable $ 48 62 Income taxes payable 5 6 Long-term borrowings 111 61 Contributed capital 180 160 Retained earnings 56 43 Total liabilities and shareholders' $400 $332 equity Statement of Earnings Sales $200 Cost of sales (120) Gross profit 80 Depreciation expense (10) Other operating expenses (51) Earnings from operations 19 Gain on sale of investments 6 Loss on sale of equipment (2) Earnings before income tax Income tax expense Net earnings 23 36 $ 17