3 Montana Mining Company pays $3,031820 for an ore deposit containing 1545,000 tons. The company installs machinery in the mine costing $216,600. Both the ore and machinery will have no salvage value after the one is completely mined Montana mines and sells 156.500 tons of ore during the year Prepare the December 31 year end entries to record both the ore deposit depletion and the mining machinery depreciation Mining machinery depreciation should be in proportion to the mine's depletion (Do not round intermediate calculations. Round your final answers to the nearest whole number.) View transaction ist Journal entry worksheet 1 Record the year-end adjusting entry for the depletion expense of ore mine References Non debts before Dobit Date General Journal December 31 Dupletion expense Mineral deposit Accumulated depletion-Mineral deposit Credit 3,070 530 Record Clear enty Vem general pura