Sunset Mountain Mining paid $276,600 for the right to extract mineral assets from a 250,000-ton deposit. In addition to the purchase price, Sunset also paid a $1,200 filing fee, a $2,200 license fee to the state of Nevada, and $70,000 for a geological Survey of the property. Because Sunset purchased the rights to the minerals only and did not purchase the land, it expects the asset to have zero residual value. During the first year, Sunset removed and sold 30,000 tons of the minerals. Make journal entries to record (a) purchase of the minerals (debit Minerals), (b) payment of fees and other costs, and (c) depletion for the first year. (Record debits first, then credits. Select the explanation on the last line of the joumal entry table. Begin by Journalizing (a) the purchase of the minerals (debit Mineral asset). (Do not record payment for any additional costs associated with the minerals. We will do this in entry b.) Date Accounts and Explanation Debit Credit a