Blue Mountain Mining paid $327,000 for the right to extract mineral assets from a 350,000-ton deposit. In addition to the purchase price, Blue also paid a $1,200 filing fee, a $1,800 license fee to the state of Nevada, and $90,000 for a geological survey of the property. Because Blue purchased the rights to the minerals only and did not purchase the land, it expects the asset to have zero residual value. During the first year, Blue removed and sold 70,000 tons of the minerals. Make journal entries to record (a) purchase of the minerals (debit Minerals), (b) payment of fees and other costs, and (c) depletion for the first year. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Begin by journalizing (a) the purchase of the minerals (debit Mineral asset). (Do not record payment for any additional costs associated with the minerals. We will do this in entry b.) Date Accounts and Explanation Debit Credit a. Journalize (b) the payment of fees and other costs. (Record a single compound journal entry.) Date Accounts and Explanation Debit Credit b. Journalize (c) the depletion for the first year. (Round depletion per ton to the nearest cent.) Date Accounts and Explanation Debit Credit c