Marvel Oil Corporation uses the full cost method of accounting. The following

costs are incurred during $2019$:

During $2020,$ the following costs were incurred:

Delay rentals were paid on Lease A$,$ $$2,000,$ and Lease B$,$ $$3,000.$

In the latter half of $2020,$ drilling operations were commenced on both leases, and

costs were incurred as follows:

G&G costs to locate wellsite

Tank battery

Flow lines:

REQUIRED: Record the above transactions.