7. The following data for Seaside Petroleum relates to unproved property: Unproved property-Lease Alpha (significant) .... $850,000 Allowance for impairment -Lease Alpha......... 300,000 Unproved property-Lease Beta insignificant). ... 45,000 Allowance for impairment, group basis .......... 600,000 REQUIRED: a. Give the entries to record the abandonment of both Lease A and Lease B. b. Give the entries assuming instead that both Lease A and Lease B were proved