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Colorado Mining paid $720,000 to acquire a mine with 48,000 tons of coal reserves. The financial statements model in Required B reflects Colorado Mining's financial condition just prior to purchasing the coal reserves. The company extracted 25,200 tons of coal in year 1 and 21,600 tons in year 2. Required: a. Compute the depletion charge per ton. b. Record the acquisition of the coal reserves and the depletion expense for years 1 and 2 in a financial statements model. Complete this question by entering your answers in the tabs below. Compute the depletion charge per ton. Colorado Mining paid $720,000 to acquire a mine with 48,000 tons of coal reserves. The financial statements model in Required 8 reflects Colorado Mining's financial condition just prior to purchasing the coal reserves. The company extracted 25,200 tons of coal in year 1 and 21,600 tons in year 2 . Required: a. Compute the depletion charge per ton. b. Record the acquisition of the coal reserves and the depletion expense for years 1 and 2 in a financial statements model. Complete this question by entering your answers in the tabs below. Record the acquisition of the coal reserves and the depletion expense for years 1 and 2 in a financial statements model. Record the acquisition of the coal reserves and the depletion expense for years 1 and 2 in a financial statements model. Note: In the Statement of Cash Flows column, use the initials OA to designate operating activity, IA for investing activity, and EA for financing activity, Enter any decreases to account balances and cash outflows with a minus sign. Not all cells require input. Round final answers to the nearest whole dollar amovint