Problem I: (10 points) Wolfpack Corp. has the following select normal account balances available at the beginning and ending of 2021: Machinery Accumulated Depreciation Depreciation Expense Gain on Sale of Machinery 1/1/21 $200,000 140,000 0 12/31/21 $175,000 120,000 30,000 15,000 0 . Additional Information: In 2021, in a cash exchange, machinery costing $90,000 and with a book value of $40,000 was sold for a gain of $15,000. In 2021, new machinery was purchased for cash. . Required: Answer the following two questions. Calculations, journal entries, and/or t-accounts should be shown to receive partial credit. Part A: How much cash was received in 2021 from the sale of machinery? Answer: $ Part B: How much cash was paid in 2021 for the purchase of new machinery? Answer: $ Part C: What should be the statement of cash flow classification for your cash flow answer to part A? Circle or highlight one of the following: Operating Activity Investing Activity Financing Activity Part D: What should be the statement of cash flow classification for your cash flow answer to part B? Circle or highlight one of the following: Operating Activity Investing Activity Financing Activity