Viking Exploration Inc. developed a new gold mine in January, 2020, and is required by federal law to restore the site to its previous condition once mining operations have been completed. The company estimates that the mine will close in 15 years and that the land restoration costs will be $3,000,000. Viking uses a 6% discount rate. Based on this information, Viking estimates the asset retirement obligation to be $1,251,795. To the nearest dollar, the adjusting entry to record accretion expense at the end of 2021 is: Question 8 options: $200,000 $150,215 $79,614 $75,108