Question One. XYZ Copper Mining Co. took a lease of a mine at a royalty of KO.05 per ton of ore raised, the dead rent being K300 per annum; with the right to recoup short workings out of subsequent surplus royalties within a period of five years. In the first five years the amounts of ore raised were as follows: Year Tons 12345 2800 5500 7500 8.500 9 500 All payments are made when they fall due. You are required to prepare for the five years the accounts below as they should appear in the mining company's books: a) Owner's Account b) Minimum Rent Account c) Royalty Account d) Short Workings Account. (25 Marks)