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4. Pacific Petroleum holds huge reserves of oil, Assume that at the end of 2024 , Pacific Potroleum's cost of oil reserves totaled $224,000,000, representing

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4. Pacific Petroleum holds huge reserves of oil, Assume that at the end of 2024 , Pacific Potroleum's cost of oil reserves totaled $224,000,000, representing 140,000,000 barrels of oi Suppose Pacific Petroleum removed and sold 25,000,000 bartels of oil during 2025. Journalize depletion expense for 2025. (Assume no pesiduat value. Recond debilts first, then credits. Select the explanation on the last line of the joumal entry table.)

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