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

$

114

$

80

Accounts receivable

46

36

Merchandise inventory

40

44

Long-term investments

-

30

Property, plant, and equipment

232

190

Accumulated depreciation

(90

)

(108

)

Total assets

$

342

$

272

Accounts payable

$

36

62

Income taxes payable

15

16

Long-term borrowings

92

32

Contributed capital

139

112

Retained earnings

60

50

Total liabilities and shareholders equity

$

342

$

272

Statement of Earnings

Sales

$

176

Cost of sales

(96

)

Gross profit

80

Depreciation expense

(22

)

Other operating expenses

(40.0

)

Earnings from operations

18.0

Gain on sale of investments

18

Loss on sale of equipment

(14

)

Earnings before income tax

22.0

Income tax expense

8.8

Net earnings

$

13.2

Additional information is as follows:
a.	Old equipment was disposed of for cash during 2017. It had an original cost of $52 and an accumulated depreciation of $40.
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, 2017 by using the direct method. (Negative answers should be indicated by a minus sign. Enter your answers in millions.)