Recording Depletion MacLean Mining Co. acquired mineral rights for $23,287,500. The mineral deposit is estimated at 56,000,000 tons. During the current year, 15,400,000 tons were mined and sold a. Determine the amount of depletion expense for the current year. Do not round intermediate calculation and round your answer to nearest whole value b. Illustrate the effects on the accounts and financial statements of the depletion expense. For decreases in accounts of outflows of cash, enter your answers as negative numbers 11 no account or activity s alfected, select 'No effect" from the dropdown and leave the corresponding number entry box blank Balance Sheet Statement of Cash Assets Liabilities Stockholders' Equity Flows Income Statement Statement of Cash Flows