it Assume the company paid $510,000 for additional geological tests of the property and $500,000 to prepare for oniling. Record the payment for additional geological tests of the property and for preparing the property for drilling. (Record a single compound jour During the first year, Garrison removed and sold 70,000 barrels of oll. Record the depletion expense for the first year. (Assume no residual value. Round interim calculations to the nearest cent and your final answ