On January 1, 2019, Lakeside Enterprises purchased a copper mine for $1,800,000.
	The company expects the resources to produce 12,000,000 units of the product.
	Prepare the journal entry to record depletion expense for the month of January assuming
	that 20,000 units were mined and 15,000 of those units were sold.

	Presented below is information related to plant assets, natural resources and intangibles at
	year end on December 31, 2019 for Rangel Company.
	Prepare a Balance Sheet for Rangal Company that shows how these items would be presented.
	Buildings		1,080,000
	Goodwill		350,000
	Patents		430,000
	Coal mine		440,000
	Accumulated depreciation		620,000
	Accumulated depletion		275,000
		Rangal Company
		Balance Sheet (partial)
		As of December 31, 2019