Colorado Mining paid $624,700 to acquire a mine with 807,000 tons of coal reserves. The horizontal statements model reflects Colorado Mining's financial condition just prior to purchasing the coal reserves. The company extracted 423,675 tons of coal in Year 1 and 363,150 tons in Year 2 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. Required A Required B Required Compute the depletion charge per unit. (Round your answer to two decimal places.) Depletion charge pafunt Required B > Record the acquisition of the coal reserves and the depletion expense for years 1 and 2 in a horizontal statements model. (In the Statement of Cash Flows operating activity, IA for investing activity, and FA for financing activity. Leave blank to indicate that an cement is not affected by the event. Enter any dec with a minus sign.) COLORADO MINING Hottontal Staiments Model Balance Sheet Inocne Statement Stockholders quity Statiment of Cash Flow Net Income Labinties Revenue Cash Coal Results Comunion Stoch Refied Earnings 741.100 . 741.100 Depletion for Year 1 Depletion for Year 2 (Required A Required> Journal entry worksheet