Question(don't copy i want text answer only) On January 1, 2019, Barbosa Company purchased a coal mining site for $2,000,000. Under the terms of the purchase agreement, Barbosa must restore the site to specified conditions at an estimated future cost of $325,000. Barbosa estimates that it will be able to operate the site for 20 years and will mine 25,000 tons of coal. Barbosa uses a 8% discount rate. In 2019, Barbosa mined 1,000 tons of coal. Journal entries to record the purchase of the coal mine would include: Debit to Coal Mine for $2,325,000 Credit to Asset Retirement Obligation for $325,000 Credit to Asset Retirement Obligation for $69,729 Credit to Cash for $2,069,729