Chapter 6 Assignment 1 Saved Help Save & Exit Submit 14.28 points eBook 01 H References Exercise 6-18A (Algo) Computing and recording depletion expense LO 6-8 Colorado Mining paid $602,000 to acquire a mine with 43,000 tons of coal reserves. The financial statements model shown on the last tab reflects Colorado Mining's financial condition just prior to purchasing the coal reserves. The company extracted 22,575 tons of coal in year 1 and 19,350 tons in year 2 Required a. Compute the depletion charge per unit. b-1. Compute the depletion expense for years 1 and 2 in a financial statements. b-2. Record the acquisition of the coal reserves and the depletion expense for years 1 and 2 in a financial statements model. Complete this question by entering your answers in the tabs below. Req A Req B2 Check my work Record the acquisition of the coal reserves and the depletion expense for years 1 and 2 in a financial statements model. (In the Cash Flow column, use OA to designate operating activity, IA for investment activity, or FA for financing activity. If the element is not affected by the event, leave the cell blank. Enter any decreases to account balances and cash outflows with a minus sign. Round final answers to the nearest whole dollar amount. Not all cells will require entry.) COLORADO MINING Horizontal Statements Model Balance Sheet Income Statement Assels Stockholders' Equity Coal Liabilities Cash Common Stock Retained Revenue Net Income Statement of Cash Flows Eamings Show less A