Recording Depletion Quavo Mining Co. acquired mineral rights for $21,930,000. The mineral deposit is estimated at 56,500,000 tonn. During the current year 8,175.000 tons were mined and sold . Determine the amount of depintior expense for the current year. Do not round intermediate calculation and round your answer to nearest whole value b. Mostrate the atfects on the accounts and financial statements of the depletion expense. For decreases in accounts or outflows of cash, enter you answers as negative numbers. If no account or activity is affected, select "No effect" from the dropdown and leave the corresponding number entry box blank alance Sheet Stockholders Assets Liabilities Equity Statement of Cash Flows Income Statement