Brighton Inc. is a nickel mining company in North West Ontario. It has incurred the following costs related to the acquisition and the right to use an additional 1,500 hectares of land: Leasing costs: $775,000 Exploration and evaluation costs: $1,348,000 Development costs incurred to open the mine: $43,000,000 These costs have been capitalized and Brighton estimates that the mine will produce 6,500 tonnes of ore. Instructions a) Journalize any necessary entries to record depletion for year one assuming that 30% of the mines nickel is extracted. b) Prepare a partial balance sheet at the end of year one to reflect how the mine will be presented in the financial statements