Paragon Company has the following balances: During 2021, Paragon sold for $26,000 a machine that cost $40,000, and purchased several other items of machinery. Required a. How much depreciation expense was recorded on machinery for 2021? (5 marks) b. What was the amount of machinery purchased in 2021? (5 marks) 4 Part B 10 marks Haggard, Inc. reported net income of $300,000 for 2015. Changes occurred in several balance sheet accounts: Additional information: 1. During 2015 Haggard sold equipment that cost $25,000 and had accumulated depreciation of $12,000, for a gain of $5,000. 2. In December 2015 Haggard purchased equipment costing $50,000 with $20,000 cash and a 12% note payable of $30,000. 3. Depreciation expense for the year was $52,000. Required a. In Haggard's 2015 statement of cash flows, what should be CFO? (5 marks) b. CFI