During 2021. Prospect Oil Corporation Incurred $3,100,000 in exploration costs for each of 20 oil wells drilled in 2021. Of the 20 wells drilled, 11 were dry holes. Prospect uses the successful efforts method of accounting. Assuming that Prospect depletes 30% of the oil discovered in 2021, what amount of these exploration costs would remain in its 12/31/2021 balance sheet? Multiple Choice $34.73 million $19.53 million $13.93 million O $2790 million On July 1, 2021, Larkin Co purchased a $590,000 tract of land that is intended to be the site of a new office complex. Larkin incurred additional costs and realized salvage proceeds during 2021 as follows: Demolition of existing building on site Legal and other fees to close escrow Proceeds from sale of demolition scrap $76, eee 12,5ep 9,380 What would be the balance in the land account as of December 31, 2021? Multiple Choice 5590.200. 5678.500 5668.000 5669200