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

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

Incurred the following costs in connection with Kenley #1:

G&G costs to locate the wellsite 15,000

Surface Damages 75,000

Surface Casing 35,000

Contractors fee day rate 875,000

Equipment rentals 1,000,000

Drilling fluids 175,000

Fuel 45,000

Drill bits 100,000

Cementing Services 25,000

Casing Crews 30,000

Roustabout labor 40,000

Hauling and Transportation 37,500

Production casing 36,000

Tank Battery 55,000

Lines and connections 27,500

Pumping unit motor and accessories 250,000

Casing head and connections 32,500

Tubing 42,500

Separating and treating equipment 35,500

Measuring equipment 1,500

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.