Practice Brief Exercise 11-4 Flint Corporation acquires a coal mine at a cost of $1,273,800. Intangible development costs total $262,000. After extraction has occurred, Flint must restore the property (estimated fair value of the obligation is $111,000), after which it can be sold for $143,000. Flint estimates that 10,300 tons of coal can be extracted. If 700 tons are extracted the first year, prepare the journal entry to record depletion. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Accsant Tiles and Esplanation Click if you would like to Show Work for this question: Open Show work