Colorado Mining paid $750,000 to acquire a mine with 50,000 tons of coal reserves. The following statements model reflects Colorado Mining's financial condition just prior to purchasing the coal reserves. The company extracted 26,250 tons of coal in year 1 and 22,500 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. Complete this question by entering your answers in the tabs below. Req A Req B1 Req B2 Compute the depletion expense for years 1 and 2 in a financial statements. Depletion Expense Year 1 Year 2 Req A Req B1 Reg B2 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 recon the Cash Flow column, use OA to designate operating activity, IA for investment activity, or FA for financing activity. If the element is not affect cell blank. Enter any decreases to account balances and cash outflows with a minus sign. Round final answers to the nearest whole dollar amou COLORADO MINING Statements Model Balance Sheet Income Statement Statement of Cash Flows = = Liabilities + + Coal Liabilities Revenue Assets Cool * Reserves 730,500 + - Expenses = Net Income Cash Stockholders' Equity Common Retained Stock Earnings 730,500 + Depletion for Year 1 Depletion for Year 2