Hays, Bush, and King signed a lease agreement with Big Pink, the owner of the mineral rights. Big Pink received a 1/ 7 RI. The companies’ WIs are 50%, 30%, and 20%, respectively.

The companies signed an operating agreement designating Hays as the operator of the lease. Assuming revenues of \($42,000\) and costs of \($14,000\) the first year of operations, determine how much each party will receive in revenue and pay in costs the first year of operations.