Question: Show Attempt history Current Attempt in Progress On July 1, 2021, Skysong Exploration invests $1.50 million in a mine that is estimated to have 868,750

have 868,750 tonnes of ore. The company estimates that the property will

Show Attempt history Current Attempt in Progress On July 1, 2021, Skysong Exploration invests $1.50 million in a mine that is estimated to have 868,750 tonnes of ore. The company estimates that the property will be sold for $110.000 when production at the mine has ended. During the last six months of 2021. 110,000 tonnes of ore are mined and sold. Skysong has a December 31 fiscal year end. a Your answer is partially correct. Record the 2021 depletion. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the mounts Round per tonne to 2 decimal places, es, 527 and final answers to decimal places, es. 5.276) Date Account Titles and Explanation Debit Credit Dec 31 Accumulated Depletion - Resource (To record depletion) * Your answer is incorrect. Show how the mine and any related accounts are reported on the December 31, 2021. Income statement SKYSONG EXPLORATION Income Statement (Partial) Quarter Ended December 31, 2021 edir X Your answer is incorrect. Show how the mine and any related accounts are reported on the December 31, 2021, balance sheet. SKYSONG EXPLORATION Balance Sheet (Partial) Assets e Textbook and Media

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