Boulder Mines paid $426,000 for the right to extract ore from a 275,000-ton mineral deposit. In addition to the purchase price, Boulder Mines also paid a $120 filing fee to the country recorder, a $2,100 license fee to the state of Colorado, and $64,030 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, Boulder Mines removed 40,000 tons of ore, of which it sold 34,000 tons. Read the requirement. (a) Record the purchase of the mineral rights. (Record debits first, then credits. Exclude explanations from any journal entries. Do not record the payment of fees and other costs, they will be recorded in transaction (b).) Journal Accounts Date i Debit Requirement Credit 1. Make journal entries to record (a) purchase of the mineral rights, (b) payment of fees and other costs, (c) depletion for first-year production, and (d) cost of the ore sold. Round depletion per unit to the closest cent. Print Print Done Done]