ACC220 Lab #2-Winter 2022 Question 6 of 7 < View Policies Current Attempt in Progress ath06620/question /10 On July 1.2021, Kingbird Exploration invests $1.44 million in a mine that is estimated to have 880,000 tonnes of ore. The company estimates that the property will be sold for $120.000 when production at the mine has ended. During the last six months of 2021 120,000 tonnes of ore are mined and sold. Kingbird has a December 33 fiscal year end Record the 2021 depletion (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts, Round per torine to 2 decimal places, eg 3.27 and final answers to O decimal places, eg 5.276) Date Account Titles and Explanation Dec. 31 Debit Credit (To record depletion eTextbook and Media List of Accounts 80 21-01-3001