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During the calendar year, 2022 Speedy Company had the following transactions on an unproved property. a. Drilled Gonzales #1 with IDC costs of $410,000 and equipment cost of $42,000 b. The well was determined to be dry and was plugged and abandoned at a cost of $20,000. Salvaged equipment placed in inventory was valued at $9,000. Required: repare all necessary journal entries for these transactions