Solare Company acquired mineral rights for $$371,200,000.$ The diamond deposit is estimated at $46,400,000$ tons. During the current year, $2,280,000$ tons were mined and sold.

a$.$ Determine the depletion rate.

$ perton

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.

Dec. $31$