3 Siegle Company exchanged 400 shares of Guinn Company ordinary shares, which Siegle was holding as an investment, for equipment from Mayo Company. The Guinn Company ordinary shares, which had been purchased by Siegle for $50 per share, had a quoted market value of $58 per share at the date of exchange. The equipment had a recorded amount on Mayo's books of $21,000. What journal entry should Slegle make to record this exchange? ut of question RE 21,000 Select one: O a. Equipment Investment in Guinn Co. Ordinary Shares 20,000 Gain on Disposal of Investment 1,000 b. Equipment 20,000 Investment in Guinn Co. Ordinary Shares 20,000 c. Equipment Investment in Guinn Co. Ordinary Shares 20,000 Gain on Disposal of Investment 3.200 d. Equipment Loss on Disposal of Investment Investment in Guinn coordinary Shares 1231200 23,200 21,000 2,200 4 A coal company invests $15 million in a mine estimated to have 20 million tons of coal and no salvage value. It is expected that the mine will be in operation for 5 years. In the first year, 1,000,000 tons of coal are extracted and sold. What is the depletion for the first year? out of question Select one: a. $75,000 b. $750,000 C. $300,000 d. Cannot be determined from the information provided