S 10 o 10 po Required information The following information applies to the questions displayed below) On July 23 of the current year, Dakota Mining Company pays $2116.480 for tand estimated to contain 8.472.000 tons of recoverable ore. It installs and pays for machinery costing $2,033, 280 on July 25. The company removes and sells 433.500 tons of ore during its first five months of operations ending on December 31 Depreciation of the machinery is in proportion to the mine's depletion as the machinery will be abandoned after the ore is mined Required: Prepare entries to record the following (6) The purchase of the land (b) The cost and installation of machinery le) The first five months depletion assuming the land has a net savage value of 2010 after the ore is mined. (d) The first five months depreciation on the machinery Complete this question by entering your answers in the tabs below. Becured Here Heged IC Required DI Required 2 Prepare the journal entry to recand the purchase of the land. View transaction ist Uronaro me ournal entry.ro rarom the nurnace or the land Required information Journal entry worksheet 10 Required information Prepare the journal entry to record depletion of the Mineral deposit at December 31. (Round your Depletion per ton" answer to 2 decimal places and round all other answers to the nearest whole dollar) 10 points View transaction ist Ant Journal entry worksheet Record the year-end adjusting entry for the depletion expense of ore mine. Note: Enter debts before credits Date December 31 General Journal Debit Credit MC GEN 10 10 points Required: Prepare entries to record the following (a) The purchase of the land (b) The cost and installation of machinery (c) The first five months' depletion assuming the land has a net salvage value of zero after the ore is mined. (d) The first five months' depreciation on the machinery Complete this question by entering your answers in the tabs below. Required Required Required Ct Required 2 Required 01 Required D2 Record the first five months depreciation on the machinery. (Round your "Depreciation per to answer to 2 decimal places and round all other answers to the nearest whole dollar) Select formula for Units of Production Depreciation Calculate Depreciation expense Depreciation perfon Tonnage Depreciation expense