Ghada Oil Company begin operations in 2019. Ghada Company use full cost method approach to record transactions. The following information is available related to O&G operations Date 1/1/19 4/2/19 Items Acquisition cost Drilling cost Lease A $20,000 Well 1 (exploratory) IDC: $250,000 LWE: $200,000 Lease B $30,000 Well 1 (exploratory) IDC: $300,000 LWE: $250,000 31/12//19 Drilling result Proved Well dry: Abandoned well 5/1/2020 16/2/2020 31/12/2020 Successful development $400,000 well drilled Tanks, separators etc $200,000 installed Future development costs $300,000 Production during the Ol: 50,000 bbl year Gas. 100,000 Mof Estimated proved Oil: 300,000 bbi reserves Gas: 900,000 Met 31/12/2020 31/12/2020 31/12/2020 Selling Price Oil: $140/bbi Gas: $30/ Mcf 31/12/2020 Current prica (closing Oil: $120/hhl Abandoned well 5/1/2020 16/2/2020 31/12/2020 Successful development $400,000 well drilled Tanks, separators etc $200,000 installed Future development costs $300,000 Production during the Oil: 50,000 bbl year Gas: 100,000 Mcf 31/12/2020 31/12/2020 Estimated proved reserves Oil: 300,000 bbl Gas: 900,000 Mcf 31/12/2020 Selling Price Oil: $140/bbl Gas: $30/ Mcf 31/12/2020 Current price (closing Price) Oil: $120/bbl Gas: $23/ Mcf How much is the cost to amortize assuming all cost inclusions) O A $1,930,000 O B. $1,620,000 OC $1,920,000 OD $1,950,000