x Big Sky Mining Co. acquired mineral rights for $28,050,000. The mineral deposit is estimated at 16.500,000 tons. During the current year, 1.540.000 tona were mined and sold Required: A. Determine the amount of depletion expense for the current year. B. Journalize the adjusting entry to recognize the depletion expense. Refer to the Chart of Accounts for exact wording of account there. (Note: The company makes all agusting entrios on December 31.) Starting question Big A. Determine the amount of depletion expense for the current year. S B. Journalize the adjusting entry to recognize the depletion expense. Refer to the Chart of Accounts for exact wording of account titles. (Note: The company makes all adjusting entries on December 31) PAGE: JOURNAL POSTREK DEBIT CREDIT DATE DESCRIPTION Adjusting Entries 2 3