South Shore Petroleum holds huge reserves of oil. Assume that at the end of 2017, South Shore Petroleum's cost of ail reserves totaled $264,000,000, representing 220,000,000 barrels of oil. Suppose South Shore petroleum removed and sold 35,000,000 barriers of oil during 2018. Journalize depletion expense or 2018. (Assume no residual value. Record debts first, then credits. Select the explanation on the line of the journal entry table.)