Required Information Your client, Hazeiton Mining, recently entered into an agreement to obtain the rights to operate a coal mine in West Virginia for $15 million. Hazelton incurred development costs of $6 million in preparing the mine for extraction. which began on July 1, 2021. The contract requires Hazelton 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. She has nafrowed down the possibie cash outfiows for the restoration costs to four possibilities. Alce also informs you that the company's credi-adjusted risk-free interest rate is 99 . Before responding to Alice, you need to research the issue. Required: 1. Access the FASB Accounting Standards Codification at the FASB website (mwwifosb.org). Determine the specific Codification citation for each of the following, based on the format indicated: (a) accounting for asset retirement obligations (XXXX), (b) recognition criteria related to asset retirement obligations (XXXXXXX), (c) the requirement to recognize the fair value of the asset retirement obligation as a liability (XXXXXxX), and (d) how to treat the capitalized cost of the asset retirement obligation for the related tangible long-tived asset (XXXx). 2. Determine the capitalized cost of the coal mine. (EV of \$1. PY of S1. FVA of \$1. PVA of S1. FVAD of \$1 and PVAD of \$1) (Use appropriate foctor(t) from the tablet provided. Enter your onswer in whole dollars.)