2. Lynx Oil Company has 3 wells on a lease in Texas and is the only working interest owner. Indirect costs of operating the system for the month of October were $75,000. Give the journal entry to record operating expense, by well, assuming allocation based on the volume of oil produced by each well. Well Volumes of Oil (bbls) A B C 3,000 2,000 2,500 Edit View Insert Format Tools Table 12pt Paragraph v BIUAT MacBook Air