5. On December 1, 2019, Wyatt Co and Knope Co buy identical oil fields for the same price. Both companies drill 10 wells on their respective fields, and two wells in each field are found to contain oil. Wyatt Co uses the full cost method. Knope Co uses the successful efforts method. Assume that prior to recording the journal entries related to these oil fields Wyatt Co and Knope Co had identical financial statements and their operations are identical. All wells have been drilled by December 31, 2019, but that extraction of oil does not begin until 2020. a) (0.5 pts) Which firm has a higher debt to total assets ratio on December 31, 2019? Wyatt Co Knope Co The Same Cannot be determined with information provided b) (0.5 pts) Assume that both firms extract the same amount of oil during 2020, and expect the same total oil production. Which firm has higher net income in 2020? Wyatt Co Knope Co The Same Cannot be determined with information provided