Neptune Petroleum owned the following unproved property at 12/31/32:

Significant Leases	Cost	Impairment	Insignificant Leases	Cost	Total Impairment
Lease A	$390,000	$180,000	Lease C	$65,000
Lease B	$580,000	$200,000	Lease D	$50,000
			Lease E	$45,000
			Lease F	$35,000
				$195,000	$65,000

Requirement:
 Prepare journal entries for 2033, assuming the following events:
 a. Proved reserves were found on Lease A and Lease B.
 b. Lease D was sold for $60,000.
 c. Lease F was abandoned.