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 $ 124 51 45 $ $ Cash Accounts receivable Merchandise inventory Long-term investments Property, plant, and equipment Accumulated depreciation Total assets Accounts payable Income taxes payable Long-term borrowings Contributed capital Retained earnings Total liabilities and shareholders' equity Statement of Earnings 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 247 (95) 372 41 20 97 149 65 372 2019 $ 85 41 49 35 208 (113) $ 305 72 24 37 117 55 $ 305 $ $ 191 (101) 90 (27) (42.5) 20.5 23 (19) 24.5 9.8 $ 14.7 Additional information is as follows: a. Old equipment was sold for cash during 2020. It had an original cost of $57 and an accumulated depreciation of $45. 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 a statement of cash flows for Laporte Inc. for the year ended December 31, 2020 by using the direct method. (Negative answers should be indicated by a minus sign. Enter your answers in millions. Round your answer to 1 decimal place.) LAPORTE INC. Statement of Cash Flows For the Year Ended December 31, 2020 Cash flows from operating activities: Cash payments: Net cash used for operating activities Cash flows from investing activities: Net cash flow from investing activities Cash flows from financing activities: Net cash flow from financing activities Cash balance. January 1, 2020 Cash balance. December 31, 2020