Nero Mres paid $427,000 for the right to extract ore from a 300,000 -ton mineral deposit. In addition to the purchase prico, Nero Mines paid a \$125 fling foe to the country recorder, a \$2,200 license fee to the stale 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 yeat of peoduction, Nero Mines renwoved 45,000 tons of ore, of which it sold 39,000 tons. Read the reguirement. (b) Record the payment of tees and other costs in one entry (c) Record the depletion for firstyear production. (Pound the dectetion per ton to the reavest cent, and round the total depletion ta the fiearesi whele number)