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2.(5 points) Palladium Corporation purchased a mine that cost $900,000 with zero salvage value. Then Palladium spent an additional $100,000 to build a new road

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2.(5 points) Palladium Corporation purchased a mine that cost $900,000 with zero salvage value. Then Palladium spent an additional $100,000 to build a new road leading to the mine. They expect to extract 500.000 tons of ore from the mine over the next five years. During 2019, Palladium mined 125,000 tons of ore. a) Prepare the journal entry(ies) to record the total cost of the mine. b) Calculate Depletion Expense for the year 2019. c) Prepare the adjusting journal entry to record Depletion Expense for the year 2019. 3.(2 points) Mickey's Market is required by law to collect and remit sales taxes to the state. If Mickey has $100,000 of cash sales that are subject to an 6% sales tax, what is the journal entry (or entries) to record the cash sales and the sales tax payable? 4.(5 points) On March 1, 2020 the Kansas City Royals (pro baseball team) sold 2020 season tickets in advance for 75 home games for $144,000 cash. During the month of April 2020, the Royals played eight (8) home games. Complete the following: a) Prepare the journal entry for the advance ticket sales on March 1. 2020. b) Prepare the adjusting journal entry to record the Sales Revenue earned by the Royals during the month of April 2020

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