I only need help on part C i already completed part A and B.

Flannery Company engages in the exploration and development of many types of natural resources. In the last two years, the company has engaged in the following activities: Jan. 1, Year 1 Purchased for $185,000 a silver mine estimated to contain 757,000 tons of silver ore. July 1, Year 1 Purchased for $1,850,000 cash a tract of land containing timber estimated to yield 3,060,000 board feet of lumber. At the time of purchase, the land had an appraised of $150,000. Feb. 1, Year 2 Purchased for $760,000 a gold mine estimated to yield 29,800 tons of gold-veined ore. Sept.1, Year 2 Purchased oil reserves for $710,000. The reserves were estimated to contain 260,000 barrels of oil, of which 22,000 would be unprofitable to pump. Required a. Prepare the journal entries to account for the following: (1) The Year 1 purchases. (2) Depletion on the Year 1 purchases, assuming that 70,000 tons of silver were mined and 1,004,000 board feet of lumber were cut. (3) The Year 2 purchases. (4) Depletion on the four natural resource assets, assuming that 64,000 tons of silver ore, 1,166,000 board feet of lumber, 8,800 tons of gold ore, and 80,000 barrels of oil ere extracted. b. Prepare the portion of the December 31, Year 2, balance sheet that reports natural resources. C. Assume that in Year 3 the estimates changed to reflect only 37,740 tons of gold ore remaining. Prepare the depletion journal entry in Year 3 to account for the extraction of 26,418 tons of gold ore. Required A Required B Required C Assume that in Year 3 the estimates changed to reflect only 37,740 tons of gold ore remaining. Prepare the depletion journal entry in Year 3 to account for the extraction of 26,418 tons of gold ore. (Round intermediate calculation to 2 decimal places and final answers to nearest dollar amount. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list View journal entry worksheet No Date General Journal Debit Credit 1 Year 3 Depletion expense Gold mine