Montana Mining Co. pays $3,533,280 for an ore deposit containing 1,486,000 tons. The company installs machinery in the mine costing $228,800. Both the ore and machinery will have no salvage value after the ore is completely mined. Montana mines and sells 171,600 tons of ore during the year. Prepare the year-end entries to record both the ore deposit depletion and the mining machinery depreciation. Mining machinery depreciation should be in proportion to the mines depletion. (Do not round intermediate calculations. Round your final answers to the nearest whole number.)

1)Record the year-end adjusting entry for the depletion expense of ore mine.

2)Record the year-end adjusting entry for the depreciation expense of the mining machinery.