Horizon Mountain Mining paid $207.000 for the night to extract mineral assets from a 200,000-ton deposit. In addition to the purchase price, Horizon also paid a $800 fling fee, a $2.200 license fee to the state of Nevada, and $90,000 for a peological survey of the property. Because Horizon purchased the rights to the minerals only and did not purchase the land, it expects the asset to have zero residual value. During the first year. Horizon removed and sold 40.000 tons of the minerals Make journal entries to record (a) purchase of the minerais (debit Minerals), (b) payment of fees and other costs, and (c) depletion for the first year (Recont debits first, then credits. Select the explanation on the last line of the joumal entry table) Begin by journalizing (a) the purchase of the minerals (debit Mineral asset) (Do not record payment for any additional costs associated with the minerals. We will do this in entry ti Date Accounts and Explanation Debit Credit