Bearcreek Mines paid $433,000 for the right to extract ore from a 450,000-ton mineral deposit. In addition to the purchase price, Bearcreek Mines paid a $155 filing fee to the county recorder, a $2,800 license fee to the state of Utah, and $95,045 for a geologic survey. Because the company purchased the rights to the minerals only, it expects this mineral rights asset to have a residual value of zero when it is fully depleted. During the first year of production, Bearcreek Mines removed 75,000 tons of ore, of which it sold 72,000 tons. Make journal entries to record

(a) Purchase of the mineral rights,

(b) Payment of fees and other costs,

(c) Depletion for first-year production,

(d) Cost of the ore sold. Round depletion per unit to the closest cent.