Given the following costs for Lease A, all incurred during 2018, prepare income statements and unclassified partial balance sheets for a successful efforts (SE) company and a full cost (FC) company.

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Acquisition costs G&G costs... Exploratory dry holes. Successful exploratory holes Development wells, dry. . . Development wells, successful Cost of production facilities $ 30,000 80,000 1,500,000 350,000 200,000 475,000 250,000 60,000 55,000 (SE); 125,000 (FC) Production costs. DD&A* ... Accumulated DD&A Revenue from sale of oil. 150,000 (SE): 360,000 (FC) 225,000