come to the te Turpen Corporation purchased a large forest for $19 million on January 1, 2018. The company estimates that 6 million board feet of lumber can be harvested After 10 years, the company will sell the land and expects it to be worth $2 million Required a) Prepare the journal entry to record the purchase of the forest Dondente dalla siis or commes in the input boxes. Date Account Title and Explanation Debit Credit Forest 19000000 19000000 Casti Record the purchase of the forest bloulate the unit for each IF to be extracted. Band you wers. 10.2 decimal aces Unit Coast-$2.00 per board foot During the current year, the company harvested and sold 500.000 board feet. Prepare the journal entry to record the harvesting on December 31, 2018 Hound your answers to the nearest wole nuttiber Dute Account Title and Explanation Debit Credit Depletion Expenie 14150000 Accumulated Depletion 0 Read depletion for the year