Assume the data above for the following wells commingled production in Tank Battery on the Premise Lease located in

Fayette County, Texas. Cameron Oil Company $(70\%$ WI$)$ and Garcia Company $(30\%$ WI$)$ own a joint working interest in the

Dowling Field. The expected selling price was $$\frac{60}{b}bl.$ The rovalty interest is $\frac{1}{5}$ and the severance tax rate is $10\%.$

Prepare the revenue entries for Cameron Oil Company and Garcia Company.