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Texas Oil Company (TOC) paid $4,130,000 for an oil reserve estimated to hold 70,000 barrels of oil. Oil production is expected to be 15,000 barrels in year 1,40,000 barrels in year 2 and 15,000 barrels in year 3. TOC expects to beginselling barrels from its oil inventory in year 4. Required: Assuming these estimates prove to be accurate, show the balances in the oil reserve, accumulated depletion, and oil inventory accounts at the end of year 2. Year 2 Oil Reserve Acumulated Depletion Oil Reserve, Net Oil inventory