Question Help 4. Amplify Petroleum holds huge reserves of oil. Assume that at the end of 2015, Amplify Petroleum's cost of oil reserves totaled $80,000,000, representing 100.000.000 barrels of oil. Suppose Amplify Petroleum removed and sold 20,000,000 barrels of oil during 2016. Journalize depletion expense for 2016. (Assume no residual value Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit 2016