Rocky Mountain Mining paid $641,900 for the right to extract mineral assets from a 450,000 -ton deposit. In addition to the purchase price, Rocky also paid a $1,000 filing fee, a $2,100 license fee to the state of Nevada, and $75,000 for a geological survey of the property. Because Rocky purchased the rights to the minerals only and did not purchase the land, it expects the asset to have zero residual value. During the first year, Rocky removed and sold 70,000 tons of the minerals. Make joumal entries to record (a) purchase of the minerals (debit Minerals), (b) payment of fees and other costs, and (c) depletion for the first year. (Record debits first, then credits. Select the explanation on the last line of the joumal entry table.) Begin by journalizing (a) the purchase of the minerals (debit Mineral asset). (Do not record payment for any additional costs associated with the minerals. We will do this in entry b.) Journalize (b) the payment of fees and other costs. (Combine the foes and other costs together, using each account needed for this entry only once) \begin{tabular}{l||l||} \hline Date & Accounts and Explanation \\ \hline \hline b. & Accumulated Depletion-Minerals \\ & Accumulated Depreciation-Minerals \\ Cash \\ Depletion Expense-Minerals \\ Depreciation Expense-Minerals \\ Minerals \\ Notes Payable \end{tabular} To record payment of costs associated with purchase of minerals. To record purchase of mineral rights. To record depletion. To record depreciation. To record the sale of mineral rights