Nero Mines paid $427,000 for the right to extract ore from a 300,000 -ton mineral deposit. In addition to the purchase price, Nero Mines paid a \$125 filing fee to the country recorder, a $2,200 license fee to the state of Colorado, and $65,675 for a geologic survey. Because the company purchased the rights to the minerals only, it expects this mineral rights asset to have a residual value of zero when it is fully depleted. During the first year of production, Nero Mines removed 45,000 tons of ore, of which it sold 42,000 tons. Read the requirement (a) Record the purchase of the mineral rights. (Record debits first, then credits. Exclude explanations from any journal entries. Do not decord the payment of fees and other costs, they will be recorded in transaction (b).) Requirement 1. Make journal entries to record (a) purchase of the mineral rights, (b) payment of fees and other costs, (c) depletion for first-year production, and (d) cost of the ore sold. Round depletion per unit to the closest cent