On July $1$ of the current year, a company pays $$7,625,520$ cash for an ore mine estimated to contain $8,568,000$ tons of ore. It installs and pays for machinery costing $$1,028,160$ cash on July $2.$ The company removes and sells $439,250$ tons of ore during its first six months of operations ending on December $31.$ Depreciation of the machinery is in proportion to the mine's depletion as the machinery will be abandoned after the ore is mined.

Prepare entries to record.

a$.$ purchase of the ore mine

b$.$ the cost and installation of machinery

c$.$ the first six month' depletion assuming the ore mine has a net salvage value of zero after the ore is mined

d$.$ the first six month' depreciation on the machinery.

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Required D$2$

Prepare the journal entry to record purchase of the ore mine.