Solare Company acquired mineral rights for $$293,400,000.$ The diamond deposit is estimated at $16,300,000$ tons. During the current year, $2,910,000$ tons were mined and sold.

a$.$ Determine the depletion rate.

per ton

b$.$ Determine the amount of depletion expense for the current year.

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

December $31$