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eQuestionNom8.&postSubmissionViewe 13252713963666733&wid=13. Update Colorado Mining paid $546,000 to acquire a mine with 42,000 tons of coal reserves. The following statements model reflects Colorado Mining's financial condition just prior to purchasing the coal reserves. The company extracted 22,050 tons of coal in year 1 and 18,900 tons in year 2. Required a. Compute the depletion charge per unit. b-1. Compute the depletion expense for years 1 and 2 Ina financial statements. b.2. Record the acquisition of the coal reserves and the depletion expense for years 1 and 2 in a financial statements model Complete this question by entering your answers in the tabs below. Required A Required Record the acquisition of the coal reserves and the depletion expense for years 1 and 2 in a financial statements model. (In the Cash Flow column, use of to designate operating activity, IA for investment activity, PA for financing activity and NA to indicate the element is not affected by the event. Enter any decreases to account balances and cash outflown with a minus sign. Round final answers to the nearest whole dollar amount.) Show COLORADO MINING Statements Model Balance Sheet Income Statement Assets Statement of Cash Flows Liabits Revenue Expenses Stockholders' Equity Common Retained Stock Earninge 700 400 Net Income Reserves 700.400 Depilation for Yeart Deption for Year 2 Required A

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