Question 2 10 polit Alexander Oil Company acquired the following three unexplored leases: July 1, 2019 August 15, 2019 October 10, 2019 Lease A $500,000 Lease B $300,000 Lease C $400,000 All leases are classified as individually significant On December 31, 2019, Lease A is determined to be 45% impaired. Lease B and C are not impaired. b. On December 31, 2020, Lease A is determined to be impaired a total of 80%, Lease C, 50% Lease B is not impaired On December 31, 2021, Lease A is considered to be 100% impaired and is abandoned. Lease B is 20% impaired and a well on Lease C found proved reserves Required Prepare journal entries for all of the above transactions except the initial purchase. For the tocibar, press ALT+10 (PC) or ALT+IN+F10 (Mack BIS Paragraph Arial 100t 2 I. hp