Problem 3: On March 31, 2006, Bellati comp. purchased a copper mine in South Africa. The cost of the mine was $164,000, with estimated salable copper ore of 20,000 tons. During 2005, the company mined and sold 4,000 tons of ore and estimated that 16,000 tons remained at December 31, 2006. During 2007, the company mined and sold 3,000 tons. After the mining all the copper ore, the property would be sold at a cost of $10,000 Required: a. Record the acquisition of the mine (4 points). b. Compute depletion expense for 2006 (4 points). c. Compute depletion expense for 2007 (4 points). 4 )