Tree Lovers in purchased 100 acres of woodland in which the company intends to harvest the complete forest, leaving the tand barren and worthless Tree Lovers paid $2,800,000 for the land. Tree Lovers will sell the lumber as it is harvested and expects to deplete it over five years (22 acres in year one, 11 acres in year two, 24 acres year three, 10 acres in year four, and 13 acres in year five). Calculate the depletion expense for the next five years Year 1 Year 2 5 Year 3 5 Year 4 Year 5 Prepare the journal entry for year one. If an amount box does not require an entry, leave it blank