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Solare Company acquired mineral rights for $434,400,000. The diamond deposit is estimated at 36,200,000 tons. During the current year, 2,820,000 tons were mined and sold.

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a. Determine the depletion rate. $fill in the blank 79c86a070059fff_1 per ton

b. Determine the amount of depletion expense for the current year. $fill in the blank 79c86a070059fff_2

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c. Journalize the adjusting entry to recognize the depletion expense. If an amount box does not require an entry, leave it blank.

Dec. 31	Accumulated DepletionCashDepletion ExpenseDepreciation ExpenseMineral Rights	- Select -	- Select -
	Accumulated DepletionAccumulated DepreciationCashDepletion ExpenseDepreciation Expense	- Select -	- Select -