Uranus Energy Company owned the following unproved property at 12/31/36:

Significant Leases	Cost	Impairment	Insignificant Leases	Cost	Total Impairment
Lease A	$440,000	$220,000	Lease C	$85,000
Lease B	$660,000	$240,000	Lease D	$70,000
			Lease E	$65,000
			Lease F	$55,000
				$275,000	$85,000

Requirement:
 Prepare journal entries for 2037, assuming the following events:
 a. Lease A was sold for $480,000.
 b. Lease B was impaired by an additional $25,000.
 c. Proved reserves were found on Lease D and Lease E.