Company Z owns a 100% WI in a proved property with net capitalized costs of

\($100,000\). Company Z sold the lease for \($250,000\) cash and a production payment of

\($150,000\), plus interest of 10% to be paid out of the proceeds from the first 60% of the oil produced. Satisfaction of the retained production payment is not reasonably assured. The fair market value of the production payment interest is estimated to be

\($50,000\). Give the entry to record the conveyance assuming that Company Z uses the successful efforts method.