Chasteen Company acquired mineral rights for $$9,100,000.$ The mineral deposit is estimated at $65,000,000$ tons. During the current year, $18,375,000$ tons were mined and sold.

Required:

a$.$ Determine the amount of depletion expense for the current year.

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b$.$ Journalize the adjusting entry to recognize the depletion expense. If an amount box does not require an entry, leave it blank.