Check my work Saltor Mining Company purchased the Northern Tier Mine for $78 million cash. The mine was estimated to contain 673 million tons of ore and to have a residual value of $6.7 million During the first year of mining operations at the Northern Ter Mine, 90,000 tons of ore were mined, of which 12,000 tons were sold. 2. Prepare a journal entry to record depletion during the year b. Show how the Northern Tier Mine, and its accumulated depletion would appear in Salter Mining Company's balance sheet after the first year of operations Complete this question by entering your answers in the tabs below. Required A Required Show how the Northern Tier Mine, and its accumulated depletion, would appear in Salter Mining Company's balance sheet after the first year of operations. (Round your intermediate calculations to two decimal places, Amounts to be deducted should be indicated by a minus sign.) Salter Mining Company Balance Sheet (Partial Property, plant, & equipment Mining property: Northern Tier Mine Accumulated depletion S 0