Thank you in advance!

In 2018, Vaughn Company purchased a tract of land as a possible future plant site. In January 2026 , valuable sulfur deposits were discovered on adjoining property and Vaughn Company immediately began explorations on its property. In December 2026, after incurring $493000 in exploration costs, which were accumulated in an expense account, Vaughn discovered sulfur deposits appraised at $2610000 more than the value of the land. To record the discovery of the deposits, Vaughn should debit $2610000 to an asset account. debit $493000 to an asset account. make no entry. debit $3103000 to an asset account