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Colorado Mining paid $658,000 to acquire a mine with 47,000 tons of coal reserves. The financial statements model in Required B reflects Colorado Mining's financial condition just prior to purchasing the coal reserves. The company extracted 24.675 tons of coalin year 1 and 21150 tons in year 2 Required o. Compute the depletion charge perton b. Record the acquisition of the coat reserves and the depletion expense for years 1 and 2 in a financial statements model. Complete this question by entering your answers in the tabs below. Hequired A Required Compute the depletion charge per ton. Depletion charge porton perfon Rogue Required 8 > Colorado Mining paid 5658.000 to acquire a mine with 47000 tons of coal reserves. The financial statements model in Required B retfedts Colorado Mining's financial condition just prior to purchasing the cool reserves. The company extracted 24675 tons of coalin year 1 and 21150 tons in year 2 Required o. Compute the depletion charge perton. b. Record the acquisition of the coal reserves and the depletion expense for years 1 and 2 in a financial statements model Complete this question by entering your answers in the tabs below. Required A Required Record the acquisition of the coal reserves and the depletion expense for years 1 and 2 in a financial statements model in the Statement of Cash Flows column, use the Initials on to designate operating activity, IA for investing activity, and for financing activity. Enter any decreases to account balances and cash outflows with a minus slonNot all cell require input: Round inal answers to the nearest whole dollar amount Show less Balance Sheet COLORADO MINING Horizontal Statements Model Income Statement Stockholders' Equity Net Common Retained Revenue Expenses Income Stock Earnings 793 500 - Liabilities Statement of Cash Flow Assets Coal Cash Reserves 703.500 Depletion for Year 1 IV Required Required B Record the acquisition of the coal reserves and the depletion expense for years 1 and 2 in a financial statements model. (In the Statement of Cash Flows colum Initials OA to designate operating activity, IA for investing activity, and FA lor financing activity. Enter any decreases to account balances and cash outflows with sign. Not all cells require input. Round final answers to the nearest whole dollar amount) She COLORADO MINING Horizontal Statements Model Balance Sheet Income Statement Assets Coal Cash Reserved 793,500 Liabilities Revenue Stockholders' Equity Common Retained Stock Earnings 799.500 Expenses Nel locome Statement of Cash Flows Deplotion for Year! Depletion for your