10 pts 16. Lynx Oil Company, a successful efforts company, drilled a successful well on its Speer Lease in 2021. Data for the Speer Lease as of December 31, 2021 are as follows: Leasehold Costs: $100,000 . Well IDC: $4,000,000 " L&WE: $750,000 Production during 2021: 80,000 bbl " Total estimated proved reserves, December 31, 2021: 720,000 bbl Total estimated proved developed reserves, December 31, 2021: 320,000 bbl Compute amortization for 2021. Edit View Insert Format Tools 12pt v Paragraph B Table IUA 2 T 2624