Colorado Mining paid $506,000 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. The first event is recorded as an example. Complete this question by entering your answers in the tabs below. Req A Req B1 Req B2 Compute the depletion charge per unit. Depletion charge per unit per ton Compute the depletion expense for years 1 and 2 in a financial statements. Depletion Expense Year 1 Year 2 Record the acquisition of the coal reserves and the depletion expense for years 1 and 2 in a financial statements model. The first event is recorded as an example. (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.) Show less COLORADO MINING Statements Model Balance Sheet Income Statement Assets Statement of Cash Flows Liabilities + Revenue Expenses Net Income Cash Coal Reserves + Stockholders' Equity Common Retained Stock Earnings 763,400 + + 763,400 + + + + + Depletion for Year 1 + + + Depletion for Year 2 + + +