Refer to the information for Laporte Inc. in P5€“ 5.

Required:
1. Prepare a statement of cash flows for Laporte Inc. for the year ended December 31, 2014. Use the direct method to report cash flows from operating activities.
2. What additional information does the statement of cash flows provide that is not available on either the statement of financial position or the statement of earnings?

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Statements of Financial Position Trade receivables Property, plant, and equipment Accumulated depreciaton Total liabilities and shareholders' equity 82 $200 Statement of Earnings Other operating expenses Earnings from operations Loss on sale of equipment