Structure Petroleum began in 2015 with the acquisition of four individually significant unproved leases. Give the entries, assuming the following transactions. You may combine entries for items marked with an asterisk (*).

+Assume both criteria for deferring classification of the well are met.

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Year Transaction Lease A Lease B Lease C Lease D 2015 Lease bonuses* $ 50,000 $40,000 $ 70,000 $ 55,000 G&G costs* $ 60,000 $50,000 $ 75,000 $ 90,000 Drilling costs Well 1 (exploratory) IDC None $300,000 Well 1 (exploratory) $250,000 Well 1 (exploratory) $150,000 Equipment None 125,000 50,000 40,000 Drilling Well dry; completed; Drilling not Drilling results None property impaired 25% results undetermined+ completed 2016 Delay rentals* $ 4,000 None $ 3,000 None Drilling costs Well 1 (exploratory) Well 2 Well 1 IDC $275,000 (exploratory) $275,000 None None $ 60,000 Equipment 50,000 50,000 Still Drilling Dry; undetermined; Drilling results completed; abandoned proved reserves lease both criteria no longer met 40,000 Drilling completed; proved reserves