Alasks Mining Co, acquired mineral rights for $28,940,000. The mineral deposit is estimated at 144,700,000 tons, During the carrent year, 21,700,000 tans were nined and sovid. Determine the amount of depletion expense for the current year, Round the depletion rate to two decimal places. b. Journalize the adjusting entry on December 31 to recognize the depletion expense. If an amount box does not require an entry, leave it blank. December 31