The following data for Pax Petroleum relates to unproved property: Unproved property-Lease Alpha (significant) ... $850,000 Allowance for impairment-Lease Alpha ........ 300,000 Unproved property-Lease Beta (insignificant) ... 45,000 Allowance for impairment, group basis 600,000 ... 600,000 REQUIRED: a. Give the entries to record the abandonment of both Lease Alpha and Lease Beta b. Give the entries assuming instead that both Lease Alpha and Lease Beta were proved. Account Debit Credit Item - lease a - lease Alpha a - lease Alpha a - lease Alpha a - lease Beta a - lease Beta Item - lease Account Debit Credit b- lease Alpha b- lease Alpha b- lease Alpha b- lease Beta b- lease Beta