Bryant Oil Corporation acquired a lease on October 15, 2015, for \($200,000\) cash. No drilling was done on the lease during the first year. Since Bryant wished to retain the lease, a delay rental of \($10,000\) was paid on October 15, 2016. During November and December of 2016, three dry holes were drilled on surrounding leases. Based on the dry holes, Bryant’s management decided that the lease was 75% impaired. Bryant had still not started drilling operations by the end of the second year and so paid a second delay rental. During November 2017, with less than one year of the primary term left, Bryant drilled a dry hole on the lease and decided to abandon the lease. Because the end of Bryant’s accounting period is December 31 and for income tax purposes, Bryant executed a quit claim deed and relinquished all rights to the lease the last day of November 2017. Give the entries.