Perez Company acquires an ore mine at a cost of $2,660,000. It incurs additional costs of $744,800 to access the mine, which is estimated to hold 1,900,000 tons of ore. 225,000 tons of ore are mined and sold the first year. The estimated value of the land after the ore is removed is $380,000. Calculate the depletion expense from the information given. 1. \& 2. Prepare the entry to record the cost of the ore mine and year-end adjusting entry. Complete this question by entering your answers in the tabs below. Calculate the depletion expense from the information given. (Round "Depletipn per unit" to 3 decimal piaces.) Journal entry worksheet Record the cost of the ore mine in cash. Notel Enter debits before credits. Journal entry worksheet Record the year-end adjusting entry for the depletion expense of ore mine. Note: Enter debits before crecits. Milano Gallery purchases the copyright on a painting for $210,000 on January 1. The copyright is good for 12 more years, after which the copyright will expire and anyone can make prints. The company plans to sell prints for 19 years Prepare entries to record the purchase of the copyright on January 1 and its annual amortization on December 31. Journal entry worksheet 2 Record the purchase of the copyright on a painting for $210,000 cash, Wote: Enter debits before croditi