Solave Company acquired mineral rights for $203,200,000. The diamond deposit is ostimatod at 12,700,000 tons, During tho current yeat, 2,980,000 tons were mined and sole. Required: a. Dotermine the depletion rate. b. Determine the amount of dopletion expense for the currant year: c. Joumacre the adfusting enty to rocognze the depletion expense. Refer to the Chart of Accounts for exact wording of account boles