During 2022, Tyler Corporation incurred the following costs in connection with the Kenley lease:

a. Acquired the 600 acre Kenley at a lease bonus of $350 per acre and other costs of $50,000

b. Incurred the following costs in connection with Kenley #1:

i. G&G costs to locate the wellsite 15,000

ii. Surface Damages 75,000

iii. Surface Casing 35,000

iv. Contractors fee day rate 875,000

v. Equipment rentals 1,000,000

vi. Drilling fluids 175,000

vii. Fuel 45,000

viii. Drill bits 100,000

ix. Cementing Services 25,000 x. Casing Crews 30,000

xi. Roustabout labor 40,000 xii. Hauling and Transportation 37,500

xiii. Production casing 36,000

xiv. Tank Battery 55,000

xv. Lines and connections 27,500

xvi. Pumping unit motor and accessories 250,000

xvii. Casing head and connections 32,500

xviii. Tubing 42,500

xix. Separating and treating equipment 35,500

xx. Measuring equipment 1,500

xxi. Downhole pump and rods 28,000

Record the above transactions Hint: The type of equipment installed when the well reached the target depth indicates whether the well was successful or dry