15. During 2005, Willis Oil Company incurred the following costs in connection with the Grove lease. a. Acquired the 800 acres Grove lease at a lease bonus of $70 per acre and other acquisition costs of $10,000. b. Incurred the following costs in connection with Grove \#1: 152 Chapter 5 Drilling and Development Costs Under SE Record the above transactions. Hint: The type of equipment installed when the well reached target depth indicates whether the well was successful or dry