Required A Required B Required Prepare the journal entries to account for the following items. Assume all purchase transactions were made with cash. (1) The Year 1 purchases. (2) Depletion on the Year 1 purchases, assuming that 14,000 tons of silver were mined and 500,000 board feet of lumber were cut. (3) The Year 2 purchases. (4) Depletion on the four natural resource assets, assuming that 20,000 tons of silver ore, 300,000 board feet of lumber, 4,000 tons of gold ore, and 50,000 barrels of oil were extracted. (Round all estimated costs to 2 decimal places and final answers to the nearest dollar amount. Enter depletion expenses in the given order. If no entry is required for a transaction/event, select "No journal entry required in the first account field.) Show less View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 9 10 9 > Record purchase of the silver mine for cash. Note: Enter debits before credits General Journal Date Jan 01 Year 1 Debit Credit Complete this question by entering your answers in the tabs below. Required A Required B Required Prepare the portion of the December 31, Year 2, balance sheet that reports natural resources. (Round your answers to the nearest dollar amount.) Natural Resources Silver mine (less depletion) Timber loss depletion) Gold mine (less depletion) Oil reserves (loss depletion) Total natural resources Land Total 0 $ 0 Journal entry worksheet 1 Record depletion expenses of the gold mine. Note: Enter debits before credits. Date Year 3 General Journal Debit Credit Record entry Clear entry View general journal