Marvel Oil Corporation uses the full cost method of accounting. The following costs are incurred during 2019:

During 2020, the following costs were incurred:
Delay rentals were paid on Lease A, $2,000, and Lease B, $3,000.
In the latter half of 2020, drilling operations were commenced on both leases, and costs were incurred as follows:

REQUIRED: Record the above transactions.

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G&G costs nondirect Acquisition costs: Lease A..... Lease B..... G&G costs direct to Lease A Ad valorem taxes on Lease B Dry-hole contribution on land adjacent to Lease B. Nonrecoverable delinquent taxes on Lease A paid at the time of acquiring the lease.. Cost of maintaining lease records: Lease A...... Lease B... $30,000 26,000 32,000 15,000 1,200 40,000 2,100 500 600