I need both done please !!

QS 8-13 (Algo) Natural resources and depletion LO P3 Perez Company acquires an ore mine at a cost of $2,800,000. It incurs additional costs of $784,000 to access the mine, whic estimated to hold 2,000,000 tons of ore. 230,000 tons of ore are mined and sold the first year. The estimated value of the la: the ore is removed is $400,000. Caiculate the depletion expense from the information given. 1. \& 2. Prepare the entry to record the cost of the ore mine and year-end adjusting entry. Complete this question by entering your answers in the tabs below. Calculate the depletion expense from the information given. (Round "Deplation per unit" to 3 decirnal places.) Perez Company acquires an ore mine at a cost of $2,800,000. It incurs additional costs of $784,000 to access the mine; whic estimated to hold 2,000.000 tons of ore. 230,000 tons of ore are mined and sold the first year. The estimated value of the lar the ore is removed is $400,000. Calculate the depletion expense from the information given. 1. \& 2. Prepare the entry to record the cost of the ore mine and year-end adjusting entry Complete this question by entering your answers in the tabs below. Prepare the entry to record the cost of the ore mine and year-end adjusting entry. Journal entry worksheet