Required Information Research Case 10-2 (Static) FASB codification: locate and extract relevant information and cite authoritative support for a financial reporting Issue: restoration costs: asset retirement obligation (LO10- 1] Your client, Hazelton Mining, recently entered into an agreement to obtain the rights to operate a coal mine in West Virginia for $15 milion Hazelton incurred development costs of $6 million in preparing the mine forextraction, which began on July 1, 2021. The contract requires Hazeiton to restore the land and surrounding area to its original condition after extraction is complete in three years The company controller, Alice cushing, is not sure how to account for the restoration costs and has asked your advice Alice is aware of an accounting standard addressing this issue, but is not sure of its provisions sne nas narrowed down the possible cash outhows for the restoration costs to four possibilities Cash outlet million 25 Sellion million Alce also inform you that the company's credit-adjusted R-free interest rate is 9 Before responding to Allce, you need to research the issue. Research Cose 10-2 (Static) Part 3 2. Prepare a summary journal entry to record the acquisition costs of the mine, no entry is required for a transaction event, select "No journal entry required in the test account held. Enter your answer in dollars. Round final answers to the nearest whole Bollars.) Journal entry worksheet General Journal Dobit Creart