Solare Company acquired mineral rights for $218,700,000. The diamond deposit is estimated at 24,300,000 tons. During the current year, 3,380,000 tons were mined and sold. Required: a. Determine the depletion rate b. Determine the amount of depletion expense for the current year c Journalize the adjusting entry to recognize the depletion expense. Refer to the Chart of Accounts for exact wording of account