Question 2 For the company below, determine DD&A for Year 3 under successful efforts accounting. Gusher Oil Company began operations in Year 1 and has acquired only two properties. The two properties, which are both considered signicant, are located in different states. Lease B was proved on 1/1/Year 3. Costs incurred from Year 1 through 12/31/Year 3 are as follows: Lease A Lease B Unallocated Seismic studies, nondirect................................. $70,000 Bonus $ 50,000 $ 60,000 Title exams 10,000 5,000 6&6 costs, direct 90,000 80,000 Test-well contributions.................................... 15,000 18,000 Insurance 2,000 3,000 Exploratory dry holes IDC 220,000 250,000 Exploratory dry holes L&WE 30,000 40,000 Exploratory wellsinprogress IDC 100,000 180,000 Exploratory wellsinprogress L&WE 22,000 19,000 Wells and equipment IDC - 700,000 Wells and equipment L&WE 260,000 Tanks and separators....................................... 110,000