15. During 2005, Willis Oil Company incurred the following costs in connection with the Ind other en the well

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 acre and other acquisition costs of $10,000. b. Incurred the following costs in connection With Grove costs to locate wellsite , $ 3,000 Surface damages . . 15,000 Surface casing . 7,000 Contractors fee/day workrate . .... 175,000 Equipment rentals Drilling fluids 35,000 Fuel.... Drillbits.................. . . $ 20,000 Cementing services Casingcrews . 6,000 Roustabout labor . . Hauling and transportation Production casing . . . 36,000 Tank battery 11,000 Lines and connections . 5,500 pumping unit motor and accessories 50 Casinghead and connections. . . Tubing . 8.500 Separating and treating equipment . 7,100 Measuring equipment Downhole pump and rods Record the above transactions. Hint: The type Of equipment installed when the well reached target depth indicates whether the well was successful or dry.