Kenmore Olil, a small Tex xas oil company, holds huge reserves o oil Assume that at the end of 2016, Kenmore Oin's cost of oil reserves totaled approximately $33.3 million, representing 3.7 million barrels of oil reserves in the ground. Requirements 1. Calculate Kenmore Oils depletion expense per barrel of oil. Kenmore Oil removed 200,000 barrels of il during 2017 and sold all of these barrels during the year. Record Kenmore Oi's depletion expense for 2017 Requirement 1. Calculate Kenmore Oit's depletion expense per barrel of oil. (Enter amounts in dollars and not in millions.) Kenmore Oir's depletion expense per barrel of oil is 9.00 Requirement 2. Suppose Kenmore Olil removed 200,000 barrels of oll during 2017 and sold all of these barrels during the year. Record Kenmore Oil's depletion 2017. (Enter all amounts in dollars and not in millions. Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Date Accounts Debit Credit