Solare Company acquired mineral rights for $132,000,000. The diamond deposit is estimated at 13,200,000 tons. During the current year, 1,830,000 tons were mined and sold.

a. Determine the depletion rate. $fill in the blank 2e923dfe600afca_1 per ton

b. Determine the amount of depletion expense for the current year. $fill in the blank 2e923dfe600afca_2

c. Journalize the adjusting entry to recognize the depletion expense. If an amount box does not require an entry, leave it blank.

Dec. 31 fill in the blank 7e97a103d07ffc3_2

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