$$Ernest Oil, Inc. has an account titled Oil and Gas Properties. Ernest paid $$6,300,000$ for oil reserves holding an estimated $800,000$ barrels of oil. Assume the company paid $$530,000$ for additional geological tests of the property and $$490,000$ to prepare for drilling. During the first$$ year, Ernest removed and sold $90,000$ barrels of oil. Record all of Ernest$\text{'}$s $$transactions$,$ including depletion for the first year.