Revenue and costs for Gravity Petroleum for the year 2019 are presented below: Revenue $ 600,000 G&G costs $ 600,000 Acquisition costs $2,000,000 Exploratory dry holes $ 4,000,000 Successful exploratory wells $ 3,000,000 Development wells, dry $1,000,000 Development wells, successful $ 800,000 Production facilities $ 700,000 Production costs $100,000 Successful efforts (SE) Full cost (FC) $200,000 Amortization for 2019 $400,000 $500,000 Accumulated DD&A $700,000 INCOME STATEME SUCCESSFUL > e e G&G Expenses Dry-hole expenses Production Expense DD&A Expense Net Income (Loss)