24. Ramsey Company hires a drilling contractor to drill a well to the depth of 8,000 feet at a cost of $300,000. The $300,000 cost includes $5,000 for surface casing. Any drilling to be completed after reaching the 8,000 foot depth is to be paid at a day rate of $4,000 per day. The 8,000 foot depth is reached on September 14, 2007, and the additional drilling to 10,000 feet is completed on October 27,2007. Ramsey incurred additional costs as shown on the attached schedule. REQUIRED: Complete the schedule showing whether the cost is IDC or L\&WE. - To be determined from the information given in the problem statement