Weam Oil Company uses successful cost approach acquired the following lease: Lease Acres Bonus/acre Term Type A 500 $20 3 years Significant B. 1,000 $50 4 years Significant C-F 10,000 $50 10 years Individually Insignificant During the next three years, Weam drilled 4 dry holes on lease B. Weam still intends to try two more time before the lease expired. Few days before the end of the primary term for lease B, Wam negotiated a new lease for Lease B. The lease bonus is $75/acre on the new lease. The journal entry to record the transactions on Lease B include: OA. A debit to surrender lease expenses of $50,000 B. A debit to unproved property of $50,000 OC. A credit to cash of $75,000 D. A debit to unproved property of $125,000