Rock Petroleum began operations in 2016 with the acquisition of four undeveloped leases, all individually significant. Give the entries assuming the following transactions.

For simplicity, you may combine entries for the different leases for all items marked with an asterisk (*).

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Year Transaction Lease A Lease B Lease C Lease D 2016 Shooting rights* $20,000 None None $15,000 G&G costs, broad* 50,000 None None 90,000 Lease bonuses* 30,000 $40,000 $60,000 50,000 G&G costs, detailed* 65,000 30,000 45,000 35,000 Dry-hole contributions 15,000 None None 25,000 paid* Legal costs, title 1,000 5,000 4,000 10,000 exams* Legal costs, title None None 50,000 None defense Delinquent taxes (in contract and 25,000 None nonrecoverable) Dec 31 Impairment 10% 25% - 2017 Delay rentals* 2,000 10,000 Property tax* 3,000 None Abandoned Drilled & Miscellaneous - lease found oil None None 40% 3,000 8,000 5,000 None + 10% Impaired