On October 15, 2018, Richards Oil Corporation acquired a lease for $600,000. Richards decided not to drill on the lease during the first year. Wishing to retain the lease, Richards paid a delay rental of $5,000 on October 15, 2019. During November and December of 2019, three dry holes were drilled on surrounding leases. Based on the dry holes, Richards' management decided that the lease was 75% impaired. Richards had still not started drilling operations by the end of the second year, so it paid a second delay rental. During November 2020. with less than one year of the primary term left, Richards drilled a dry hole on the lease and decided to abandon the lease. Because the end of Richards's accounting period is December 3 1 and for income tax purposes, Richards executed a quit clait, deed and relinquished all rights to the lease the last day of November 2020. REQUIRED: Give the entries. For numerical answers. (1) DO NOT use commas to separate thousands places in numerical answers (2) use a minus sign to indicate negative numbers. (3) DO NOT use dollar signs. (4) amounts should be entered from smallest (at top of the entry line items) to largest (at bottom of the entry), which is ascending order Date HCCUUNI DEUIL UTEUIL October 15, 2018 October 15, 2018 October 15, 2019 . December 31, 2019 December 31, 2019 . >