Neptune Petroleum owned the following unproved property at 12/31/65:

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 2066, assuming the following events:
 a. Lease A was sold for $410,000.
 b. Proved reserves were found on Lease B and Lease D.
 c. Lease F was impaired by an additional $3,000.