Blossom Mining Company has a December 31 fiscal year end. The following information relates to its Golden Grove mine: 1. Blossom purchased the Golden Grove mine on March 31, 2020, for $ 3.40 million cash. On the same day, modernization of the mine was completed at a cash cost of $ 358,000. It is estimated that this mine will yield 630,000 tonnes of ore. The mine's estimated residual value is $ 230,000. Blossom expects it will extract all the ore, and then close and sell the mine site in four years. 2. During 2020, Blossom extracted and sold 130,000 tonnes of ore from the mine. 3. At the beginning of 2021, Blossom reassessed its estimate of the remaining ore in the mine. Blossom estimates that there are still 700,000 tonnes of ore in the mine at January 1, 2021. The estimated residual value remains at $ 230,000. During 2021, Blossom extracted and sold 190,000 tonnes of ore from the mine. 4. Prepare the 2020 and 2021 journal entries for the above, including any year-end adjustments. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Round per tonne value to 2 decimal places, e.g. 12.25 & final answers to 0 decimal places, e.g. 5,275.) 2020 Date Account Titles and Explanation Debit Credit (To record purchase and modernization of mine.) (To record depletion.) (To record cost of goods sold.) 2021 Date Account Titles and Explanation Debit Credit (To record depletion.) (To record cost of goods sold.) Show how the Golden Grove mine will be reported on Blossom's December 31, 2021, income statement. BLOSSOM MINING COMPANY Income Statement (Partial) $ Show how the Golden Grove mine will be reported on Blossom's December 31, 2021, balance sheet. BLOSSOM MINING COMPANY Balance Sheet (Partial) $ $