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Data related to the acquisition of timber rights and intangl'e assets during the current year ended December 31 are as follows: A. Timber rights on a tract of land were purchased for $2,331.260 on February 22 . The stand of timber is estimated at 5.686,000 board feet. During the current year, 1,159,400 board feet of timber were cut and sold. B. On December 31, the company determined that $3,704,000 of geothill was impaired. C. Governmental and legal costs of 57,038,000 were incurred on April 3 in obtaining a Amortization is to be for three-fourths of a year. Required: 1. Determine the amount of the amortzation, depletion, or impaiment for the current year for each of the foregoing tems 2. Joumalize the adusting entries requred to record the amortization. degietion or impaument for each iem. Reder to the Chart of Accounts tor exact wording of account thiles. 1. Determine the amount of the amortzation, depletion, or impaiment for the current year for each of the kems in the instructions. A. B. C. CHART OF ACCOUNTS General Ledger