A company acquires a zinc mine at a cost of $750,000. It incurs additional costs of $100,000 to access the mine, which is estimated to hold 200,000 tons of zinc. The estimated value of the land after the zinc is removed is $50,000. 1) Prepare the entry(ies) to record the cost of the zinc mine. 2) Prepare the year-end adjusting entry if 50,000 tons of zinc are mined, but only 40,000 tons are sold the first year. General Journal Debit Credit