Big John Oil Company purchased 200 barrels of oil from JD Operator. The gross value of the oil was \($5,000.\) The severance tax rate was 4 percent. Give the entry to record revenue for JD, assuming Big John disbursed the royalty and remitted all taxes and assuming a division order as follows:

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Property No. 35 JD Company Mabel Royalty Owner Interest 0.875 0.125