Antelope Mining is an Australian gold mining company that operates in one area-of-interest - Corella. Antelope capitalises all exploration and evaluation costs in accordance with the requirements of AASB 6. On 1/7/2019 Antelope commenced exploration and evaluation activities and incurred the following costs: Cost 500,000 Activity Acquired exploration rights Exploratory drilling Sampling 1,000,000 800,000 On 1/7/2020, experts determined that the Corella site contained gold that could be extracted for profit. As a result of this assessment, Antelope purchased a mining lease for $1,400,000 on 1/7/2020. Antelope began developing the Corella area-of-interest after the purchase of the mining lease and incurred the following costs during 2021 financial year: Useful life 12 years Activity Cost Development railroad 900,000 Development drilling 240,000 Restoration costs (discounted) 200,000 Required: Record all journal entries for the years-ending 30/6/2020 and 30/6/2021 (12 marks) Antelope Mining is an Australian gold mining company that operates in one area-of-interest - Corella. Antelope capitalises all exploration and evaluation costs in accordance with the requirements of AASB 6. On 1/7/2019 Antelope commenced exploration and evaluation activities and incurred the following costs: Cost 500,000 Activity Acquired exploration rights Exploratory drilling Sampling 1,000,000 800,000 On 1/7/2020, experts determined that the Corella site contained gold that could be extracted for profit. As a result of this assessment, Antelope purchased a mining lease for $1,400,000 on 1/7/2020. Antelope began developing the Corella area-of-interest after the purchase of the mining lease and incurred the following costs during 2021 financial year: Useful life 12 years Activity Cost Development railroad 900,000 Development drilling 240,000 Restoration costs (discounted) 200,000 Required: Record all journal entries for the years-ending 30/6/2020 and 30/6/2021 (12 marks)