Current Attempt in Progress Pharoah Company purchased for $$4,543,000$ a mine that is estimated to have $45,430,000$ tons of ore and no salvage value. In the first year, $14,040,000$ tons of ore are extracted. Your answer is correct. Calculate depletion cost per unit. $($Round answer to $2$ decimal places, e$.$g$.0\mathrm{.}50.)$ Depletion cost per unit $ per ton eTextbook and Media List of Accounts Your answer is partially correct. Prepare the journal entry to record depletion for the first year. $($Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$ Account Titles and Explanation Debit Credit Depletion Expense Accumulated Depletion eTextbook and Media Solution List of Accounts $($b$)$ Show how this mine is reported on the balance sheet at the end of the first year. :