Texas Oil Company (TOC) paid $2,750,000 for an oil reserve estimated to hold 50,000 barrels of oil. Oil production is expected to be 14,000 barrels in year 1, 22,000 barrels in year 2, and 14,000 barrels in year 3. TOC expects to begin selling barrels from its oil inventory in year 4. Required: Assuming these estimates prove to be accurate, show the balances in the oil reserve, accumulated depletion, and oil inventory accounts at the end of year 2. Year 2 Oil Reserve Accumulated Depletion Oil Reserve, Net Oil Inventory