QQuavo Mining Co$.$ acquired mineral rights for $$21,930,000.$ The mineral deposit is estimated at $42,500,000$ tons. During the current year, $9,562,500$ tons were mined and sold.

b$.$ Illustrate the effects on the accounts and financial statements of the depletion expense. Enter account decreases, cash outflows, and the income statement effects that decrease net income as negative amounts. However, for contra asset accounts, enter account increases as a negative value. If no account or activity is affected, select $"$No effect" from the dropdown and leave the corresponding number entry box blank.

Financial Statement Effects

Balance Sheet

Assets $=$ Liabilities $+$ Stockholders' Equity

$-$

$=$

$+$

fill in the blank $6$

fill in the blank $7$

fill in the blank $8$

fill in the blank $9$

Statement of Cash Flows Income Statement

fill in the blank $11$

fill in the blank $13$