Sheffield Corporation, a publicly traded mining company, acquires a mine at a cost of $600,000. Capitalized development costs total $134,000. After the mine is depleted, $79,500 will be spent to restore the property, after which it can be sold for $161,000. Sheffield estimates that 5,000 tonnes of ore can be mined. Assuming that 880 tonnes are extracted in the first year, prepare the journal entry to record depletion. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Round per tonne to 2 decimal places, e.g. 15.75 and final answer to 0 decimal places, eg. 1,575.) Account Titles and Explanation Debit Credit Inventory 128832 Accumulated Depletion 114840 13992 Asset Retirement Obligation