4. Alberta Petroleum holds huge reserves of oil. Assume that at the end of 2015, Alberta Petroleum's cost of oil reserves totaled $144,000,000, representing 160,000,000 barrels of oil. Suppose Alberta Petroleum removed and sold 25,000,000 barrels of oil during 2016. Journalize depletion expense for 2016. (Assume no residual value. Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit 2016