In 2013, A MINING Corp. purchased property with natural resources for P 12,400,000 The property was relatively close to a large city and had an expected residual value of P 3,000,000 However, P1,200,000 will have to be spent to restore the land for use. The following information relates to the use of the property: a) In 2013, A MINING Corp. spent P 800,000 in development costs and P600,000 in buildings on the property. A MINING Corp. does not anticipate that the buildings will have any utility after tha natural resources are depleted. b) In 2014 and 2016, P 600,000 and P 1,600,000, respectively, were spent for additional developments on the mine. c) The tonnage mined and estimated remaining tons for years 2013-2017 are as follows: Year/Tons Extracted remaining/Estimated Tons Required: 1. Prepare necessary journal entries in 2014 up to 2017 2. Determine the following: 2.a Depletion and depreciation for 2014 2.b Depletion and depreciation for 2015 2.c Depletion and depreciation for 2016 2.d Depletion and depreciation for 2017