Branch Oil Co, a successful efforts oil and gas company, had the following transactions in 2018: Acquired an undeveloped lease 60,000.00 Paid a drilling contractor as follows: Footage rate for drilling 175,000.00 Equipment costs (casing) 63,000.00 Equipment costs (tanks, flow lines, etc) 60,000.00 Paid costs in testing the well 22,000.00 Paid completion costs for fracturing and perforating 27,000.00 The journal entry to record the above paymentsis: (there should be 2 Entries)