On April 2, 2011, Idaho Mining Co. pays $3,633,750 for an ore deposit containing 1,425,000 tons. The company installs machinery in the mine costing $171,000, with an estimated seven-year life and no salvage value. The machinery will be abandoned when the ore is completely mined. Idaho begins mining on May 1, 2011, and mines and sells 156,200 tons of ore during the remaining eight months of 2011.

Prepare the December 31, 2011, entries to record both the ore deposit depletion and the mining machinery depreciation. Mining machinery depreciation should be in proportion to the mines depletion.(Round your intermediate calculations to 2 decimal places and final answers to the nearest dollar amount. Omit the "$" sign in your response.)

Date	General Journal	Debit	Credit
Dec. 31	(Click to select) Mineral deposit Cash Accounts receivable Accumulated depletion-mineral deposit Depletion expense-mineral deposit Machinery Gain on sale of machinery Loss on sale of machinery
	(Click to select) Accumulated depletion-mineral deposit Loss on sale of machinery Depletion expense-mineral deposit Accounts receivable Mineral deposit Gain on sale of machinery Cash Machinery
	(Click to select) Machinery Loss on sale of machinery Cash Gain on sale of machinery Depreciation expense-machinery Accumulated depreciation-machinery Accounts receivable Mineral deposit
	(Click to select) Mineral deposit Machinery Loss on sale of machinery Gain on sale of machinery Depreciation expense-machinery Accumulated depreciation-machinery Accounts receivable Cash