On November 1, 2019, RasGas Company pays $7,582,080 for land estimated to contain 8,616,000 tons of minerals. The land will have a useful life of 10 years and has no salvage value. The company extracts 442,250 tons of minerals in 2019. Required: (a) Prepare the joumal entry to record the purchase of the mineral deposit. (6) Use the given chart to calculate depletion expense. (Do not round your intermediate calculations.) (Round "Depletion per ton" to two decimal places and round all other answers to the nearest whole dollar.) () Prepare the joumal entry to record depletion on December 31, 2019. Complete this question by entering your answers in the tabs below. Required A Required B Required c Prepare the journal entry to record depletion on December 31, 2019. View transaction at Journal entry worksheet Record the year-end adjusting entry for the depletion expense of ore mine. Note: Enter debits before credits Date General Journal Debit Credit Dec. 31