Question 21 Not yet answered Marked out of 15.00 Flag question ABC Solutions Co. acquired timber rights during the current period ended December 31. They purchased timber rights for $1,000,000 on March 2. The length of the timber is estimated at 3,000,000 board feet. During the current year, 500,000 board feet of timber were cut and sold. Journalize the adjusting entry to record the depletion. (4 pts)