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: 2020 6 110 2019 6 78 226 (88) $ 230 6 13 184 (106) 6 260 14 Statements o: Financial Position Cash Accounts receivable Merchandise inventory Long-teem investmenta Property, plant, and equipment Acculated depreciation Total 222ta Accounts payable Income tax payable Long-term boominga Contributed capital Retained earninga Total 11abilities and shareholders' equity Statement o: Earninga Salaa Coat o calea GEORD Perit Depreciation expense Other operating expenses Earnings som operations Cain on aale o investmenta Lola on sale of equipment Earnings before income tax Income tax expense Yet eininga 135 58 110 48 3260 6 170 16 (12 21.0 12.6 Additional information is as follows: a. Old equipment was sold for cash during 2020. It had an original cost of $50 and an accumulated depreciation of $38. 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 $ 00 Net cash used for operating activities Cash flows from investing activities 00 Net cash flow from investing activities Cash flows from financing activities Net cash flow from financing activities 0.0 0.0 Cash balance January 1, 2020 cash balance December 31 2020 09