Colorado Mining paid $550,500 to acquire a mine with 767,000 tons of coal reserves. The horizontal statements model reflects Colorado Mining's financial condition just prior to purchasing the coal reserves. The company extracted 402,675 tons of coal in Year 1 and 345,150 tons in Year 2. Journal entry worksheet Required a. Compute the depletion charge per unit. b. Record the acquisition of the coal reserves and the depletion expense for years 1 and 2 in a financial statements model like the preceding one. c. Prepare the general journal entries to record the depletion expense for years 1 and 2 . Complete this question by entering your answers in the tabs below. Note: Enter debits before credits. Compute the depletion charge per unit. (Round your answer to two decimal places.) Journal entry worksheet