Record the following transactions for Chavez Energy Corp.:

a$.$ Chavez Energy incurred costs of $$40,000$ in preparing a drillsite.

b$.$ The contractor was paid $$400,000$ on a day$-$rate contract $($all intangible$).$

c$.$ Equipment $($casing$)$ costs of $$80,000$ were incurred.

d$.$ Costs of $$70,000$ were incurred in evaluating the well.

e$.$ Chavez Energy decided to complete the well and incurred costs of $$45,000$

$($perforating and fracturing$),$ $$60,000($cementing$),$ and $$100,000($equipment$)$

in completing the well.