Western Mining Inc, acquires a zinc mine in January at a cost of $1,440,000 with an estimated 432,000 tons of zinc. Western Mining Inc. also incurs costs of 162.000 10 develop the area around the site necessary to access the mine. The land is estimated to have a value of $90,000 after the zinc is mined. At the end of the year 64,800 tons of zinc were mined and 58,320 tons were sold by December 31 a. Record the entry for acquisition of the zinc mine. Account Name Debit Credit Jan 1 To acord cuisition of mine, b. Record the entries for depletion and for the cost of the sale of zinc during the year Account Name Debit Credit Dec 31 To record deletion Dec 31 To record cost of sales