Exercise 8-19A (Algo) Computing and recording depletion expense LO 8-9 Colorado Mining paid $619,100 to acquire a mine with 849,000 tons of coal reserves. The horizontal statements model reflects Colorado Mining's financial condition just prior to putchasing the coal reserves, The company extracted 445,725 tons of coat in Year 1 and 382.050 tons in Year 2 Required o. Compute the depletion charge per unit. b. Record the acquisition of the cool reserves and the depletion expense for years 1 and 2 in a financial statements model inke the preceding one c. Prepare the generat journal entiles to record the depletion expense for years 1 and 2 Complete this question by entering your answers in the tabs below. Compute the depletion charge per unit. (hound your answer to two dedimal places.)