The following are costs incurred on Erath lease: Acquisition costs Well 1 costs Well 2 costs Well 3 costs Tanks, separators, flow lines, etc. $ 100,000 2,250,000 3,000,000- 2,750,000 1,000,000 REQUIRED: Treat each of the following independently: a. A fourth well, an exploratory well, was drilled at a cost of $2,010,000 and was determined to be dry. Give the entry to record the dry hole. b. Give the entry to record abandonment of Well 2. Equipment costing $50,000 was salvaged. Accumulated DD&A on wells and equipment was $5,000,000. Wells 1 and 3 are still producing c. Give the entry to record abandonment of the entire Erath lease. Assume the lease constituted a separate amortization base with accumulated DD&A on leasehold costs of $40,000 and accumulated DD&A on wells and equipment of $5,000,000 d. Give the entry to record abandonment of the entire Erath lease, assuming instead that amortization had been computed on a field-wide basis with accumulated DD&A on leasehold costs of $300,000 and accumulated DD&A on wells and equipment of $18,000,000 For numerical answers (1) DO NOT use commas to separate thousands places in numerical answers (2) use a minus sign to indicate negative numbers (3) DO NOT use dollar signs. (4) amounts should be entered from smallest (at top of the entry line items) to largest (at bottom of the entry), which is ascending order