Carter Co$.$ acquired drilling rights for $$18,550,000.$ The oil deposit is estimated to produce a total of $74,200,000$ gallons. During the current year, $6,000,000$ gallons were drilled. Record the journal entry on December $31$ to recognize the depletion expense for the year. In your journal entry be sure to clearly indicate what accounts$/$amounts you are debiting and what accounts$/$amounts you are crediting. please add post ref.