Colorado Mining paid $675,000 to acquire a mine with 45,000 tons of coal reserves. The financial statements model shown on the last tab reflects Colorado Mining's financial condition just prior to purchasing the coal reserves. The company extracted 23,625 tons of coal in year 1 and 20.250 tons in year 2. Required 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 0. Complete this question by entering your answers in the tabs below. ROGA Req B1 Reg B2 Compute the depletion charge per unit. Depletion charge per unit per ton KROG Req B1 > Complete this question by entering your answers in the tabs below. Req A Req B1 Reg B2 Compute the depletion expense for years 1 and 2 in a financial statements. Depletion Expense Year 1 Year 2 ReqA Reg B1 Req B2 Record the acquisition of the coal reserves and the depletion expense for years 1 and 2 in a financial statements model. (In the cast operating activity, LA for investment activity, or FA for financing activity. If the element is not affected by the event, leave the cell bla balances and cash outflows with a minus sign. Round final answers to the nearest whole dollar amount. Not all cells will require entry COLORADO MINING Horizontal Statements Model Balance Sheet Income Statement Liabilities Stockholders' Equity Common Retained Stock Earnings Revenue Assets Cash Coal Reserves Acquisition of coal reserves 721600- Statement of Cash Flows Net Income Expenses 721,600 Depletion for Year 1 Depletion for Year 2