Todd Corporation incurred the following costs during calendar year 2019 in connection with the Grimm lease:

a. Acquired the 600-acre Grimm lease at a lease bonus of $70/acre and other acquisition costs of $15,000.

b. Incurred the following costs in connection with Grimm #1:

REQUIRED: Record the above transactions. Hint: The type of equipment installed when the well reached target depth indicates whether the well was successful or dry.

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G&G costs to locate wellsite.. Surface damages.. Surface casing. Contractor's fee-day rate Equipment rentals Drilling fluids Fuel ... Drill bits..... Cementing services. Casing crews.. Roustabout labor.... Hauling and transportation Production casing Tank battery.... Lines and connections. Pumping unit motor and accessories. Casinghead and connections... Tubing..... Separating and treating equipment $ 5,000 20,000 10,000 175,000 200,000 35,000 9,000 20,000 5,000 6,000 8,000 7,500 36,000 11,000 5,500 50,000 6,500 8,500 7,100