On July 1,2024, Larkspur Exploration invests $1.30 million in a mine that is estimated to have 960,000 tonnes of ore. The compuny estimates that the property will be sold for $100,000 when production at the mine has ended. During the last six months of 2024. 100,000 tonnes of ore are mined and sold. Larkspur has a December 31 fiscal year end. Show how the mine and any related accounts are reported on the December 31, 2024, income statement