alter Mining Company purchased the Northern Ter Mine for 599 million cash. The mine was estimated to contain 8.01 million tons of re and to have a residual value of $5.4 million uring the first year of mining operatlons at the Northern Tier Mine, 90.000 tons of ore were mined, of which 16,000 tons were sold -- Prepare a journal entry to record depletion during the year Show how the Northern Tier Mine, and its accumulated depletion would appear in Salter Mining Company's balance sheet after the rst year of operations Complete this question by entering your answers in the tabs below. Required A Required B Prepare a journal entry to record depletion during the year. (Round your intermediate calculations to two decimal places. If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet Record the depletion on the Northern Tier Mine. Note: Entor debts before credits Transaction General Journal Debit Credit Salter Mining Company purchased the Northern Tier Mine for $99 million cash The mine was estimated to contain 8.01 million tons of ore and to have a residual value of $5 4 million During the first year of mining operations at the Northern Tier Mine 90,000 tons of ore were mined, of which 16,000 tons were sold a. Prepare a journal entry to record depletion during the year. b. Show how the Northern Tier Mine, and its accumulated depletion would appear in Salter Mining Company's balance sheet after the first year of operations Complete this question by entering your answers in the tabs below. Required A Required B Show how the Northern Tier Mine, and its accumulated depletion, would appear in Salter Mining Company's balance sheet be indicated by a minus sign.) after the first year of operations. (Round your intermediate calculations to two decimal places. Amounts to be deducted should Salter Mining Company Balance Sheet (Partial) Proporty, plant, & equipment