The following costs related to the Cowboy Lease as of $\frac{12}{31}\frac{?}{20}.$

$\backslash$table$[[$Proved property,,,$],[$Accumulated DD&A $-$ proved property,$$,100,000,],[$Well #$1$: Wells and equipment,$$,30,000,],[$Well #$2$: Wells and equipment,$$,350,000,$March $2021$ Lease abondanded$],[$Accumulated DD&A $-$ wells,$$,420,000,$Jan $2021$ abondandoned$],[,$$$,500,000,]]$

During early January of $2021,$ Well #$2$ quit producing and was abandoned. In March $2021,$ Well #$1$ quit producing and the well and the lease were abandoned.

Prepare the journal entries for the abandonments.