Haste Waste Inc. operates a 4-acre landfill that needs to be capped and closed in 5 years on January 1 , Year 6 . The total future cost of this activity is estimated to be \\( \\$ 710,000 \\). The relevant accretion rate is \6 and the asset will be depreciated straight-line over the 5 year period. Please enter your answers to the following questions in the associated cells. To prepare each required journal entry: - Click on a cell in the Account Name column and select the appropriate account. An account may be used once or not at all for a journal entry. - Enter the corresponding debit or credit amount in the associated column. - All amounts will be automatically rounded to the nearest dollar. - Not all rows in the table might be needed to complete each journal entry. 1. What is the initial journal entry for booking this ARO using a present value factor of .74726 (round all amounts to the nearest dollar)? 2. Calculate the Year 1 accretion expense (round to the nearest dollar). 3. What is the total accretion expense over the five years (round to the nearest dollar)? 4. Each year, the accretion expense will . (Please complete this sentence by selecting an answer from the drop-down menu). 5. What is the December 31 , Year 1 journal entry (round all amounts to the nearest dollar)? 6. What will the balances be in the following accounts at the end of Year 1