WP7-72A (similar to) Question Help Fin Sate Energy Company's balance sheet includes the assetron Ore Rights Safe Energy paid $30 million cash for the right to work a mine that contained an estimated 240.000 tons of ore. The company paid $70,000 to remove unwanted buildings from the land and $79,000 to prepare the surface for mining Sale Energy also signed a $38,200 note payable to a landscaping company to return the land surface to its original condition after the rights to work the mine end. During the first year, Safe Energy removed 35 500 tons of ore, of which it sold 28 500 tons on account for $10 per on Operating expenses for the first year totaled $258 000, all paid in cash In addition, the company crued income tax at the rate of 0% pe Read the reguirements Requirements 1. Record all of Sale Energy transactions for the year Round Option per unit to the closest cent Prepare the company's single-step income statement for iron ore operations for the first year Evaluate the profitability of the company's operations What balances should appear from these transactions on Sale Energy's balance sheet at the end of its first year of operations? 3. Print Done