On August 1, 2021, Hector Enterprises paid $1,336,585 for the mineral rights to an area full of gold veins containing an estimated 259,090 ounces of gold. The company also installed equipment on the site costing $1,220,878 with no expected salvage value, capable of removing the gold within 10 years. The equipment will be abandoned at the end of its useful life. The company uses the Units of Production method to depreciate all PPE assets. The company began operations on August 26 and extracted and sold 32,163 ounces of gold during the remaining 4 months of the year. REQUIRED: Give the entries to record the December 31, 2021, amortization of the mineral rights and the depreciation of the equipment