Problem: Module 2 Textbook Problem 18 Learning Objective: 2-15 Show how expense recognition for natural resources (depletion) affects financial statements Colorado Mining paid $495,000 to acquire a mine with 45,000 tons of coal reserves. The financial statements model shown on the last tab reflects Colorado Mining's financial condition just prior to purchasing the coal reserves. The company extracted 23,625 tons of coal in year 1 and 20,250 tons in year 2. Required a. Compute the depletion charge per unit. b-1. Compute the depletion expense for years 1 and 2 in a financial statements. b-2. Record the acquisition of the coal reserves and the depletion expense for years 1 and 2 in a financial statements model. Complete this question by entering your answers in the tabs below. Compute the depletion expense for years 1 and 2 in a financial statements. b-2. Pecord the acquisition of the coal reserves and the depletion expense for years 1 and 2 in a financial statements model. Complete this question by entering your answers in the tabs below. Record the acquisition of the coal reserves and the depletion expense for years 1 and 2 in a financial statements model. (In the Cash flow column, use OA to designate operating activity, IA for investument activity, or FA for financing activity. If the element is not affectied by the event, leave the cel blank. Enter any decreases to account. balances and cash butflown with a minus sign. Round final answers to the nearest whole dollar amount. Not all cells will require entry. Problem: Module 2 Textbook Problem 18 Learning Objective: 2-15 Show how expense recognition for natural resources (depletion) affects financial statements Colorado Mining paid $495,000 to acquire a mine with 45,000 tons of coal reserves. The financial statements model shown on the last tab reflects Colorado Mining's financial condition just prior to purchasing the coal reserves. The company extracted 23,625 tons of coal in year 1 and 20,250 tons in year 2 . Required a. Compute the depletion charge per unit: b-1. Compute the depletion expense for years 1 and 2 in a financial statements. b-2. Record the acquisition of the coal reserves and the depletion expense for years 1 and 2 in a financial statements model. Complete this question by entering your answers in the tabs below. Compute the depletion charge per unit