Colorado Mining paid $460,000 to acquire a mine with 46.000 tons of coal reserves. The following statements model reflects Colorado Mining's financial condition just prior to purchasing the coal reserves. The company extracted 24.150 tons of coal in year 1 and 20.700 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 Required A Required Record the acquisition of the coal reserves and the depletion expende for years 1 and 2 in a financial statements model. In the Cash Flow column, use CA to designate operating activity, IA for investment activity, FA for financing activity and NA to indicate the element is not affected by the event. Enter any decreases to account balances and cash outflows with a minus sign. Round final answers to the nearest whole dollar amount.) Show less Balance Sheet COLORADO MINING Statements Model Income Statement Stockholders' Equity Common Net Expenses Retained Revenue Income Stock Earnings 754,700 Liabilities Assets Cual Reserves 754 TOD Statement of Cash Flows Depletion for Year 1 Depletion for Year 2