4 Montana Mining Co. pays $4,286,690 for an ore deposit containing 1,572,000 tons. The company installs machinery in the mine costing $240,600, which will be abandoned when the ore is completely mined. Montana mines and sells 169,500 tons of ore during the year. Prepare the 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.) 2.2 points View transaction list eBook Journal entry worksheet Hint Print Record the year-end adjusting entry for the depletion expense of ore mine. References Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general Journal