Marx Oil Company acquired the exploration rights on 20,000 acres at $4lacre and then hired an independent geological firm to conduct the initial G&G work for $83,000. As a result of the G&G work, Marx Company decided to lease 600 acres (ignore acquisition costs). Marx then hired the same geological firm to perform detailed G&G studies on the 600 acres at a cost of $100,000. REQUIRED: Give the entries to record these transactions. For numerical answers: (1) DO NOT use commas to separate thousands places in numerical answers (2) use a minus sign to indicate negative numbers (3) DO NOT use dollar signs. (4) amounts should be entered from smallest (at top of the entry line items) to largest (at bottom of the entry), which is ascending order. Account Debit Credit