Blue Mountain Mining paid $536,800 for the right to extract mineral assets from a 300,000-ton deposit. In addition to the purchase price, Blue also paid a $1,000 filing fee, a $2,200 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 40,000 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.)