12 Part 12 102 points Required information The following information applies to the questions displayed below) On July 23 of the current year Dekota Mining Company pays $2527600 for land stated to contain 8,856,000 tons of recoverable ore. It instals and pays for machinery costing $974360 on July 25. The company removes and sets 455.250 tons of ore during its first five months of operations ending on December 31 Depreciation of the machinery is in proportion to the mine's depletion as the cry will be abandoned after there is mined Required: Prepare entries to record the following Pre(a) The purchase of the land (b) The cost and installation of machinery (e) The first five months' depletion assuming the land has a net salvage value of zero after the one is mined (d) The first five months depreciation on the machinery Complete this question by entering your answers in the tabs below. Prepare the journal entry to record the purchase of the land. Journal entry worksheet Record the cost of the ore mine of $7,527,600 cash. Note: Enter debits before credits Required: Prepare entries to record the following (a) The purchase of the land. (b) The cost and installation of machinery (c) The first five months' depletion assuming the land has a net salvage value of zero after the ore is mined (d) The first five months' depreciation on the machinery Complete this question by entering your answers in the tabs below. Prepare the journal entry to record the cost and installation of machinery. Journal entry worksheet Record the cost of the machinery of $974,160 cash. Note: Enter debits before credits. May 25 Over Cet