Late in the year 2001, the company acquires an ore deposit for $600,000 cash. Roads and shafts are added for an additional cost of $80,000. Salvage value of the mine is estimated to be $20,000. The company estimates 330,000 tons of available ore. 10,000 tons of ore are mined and sold in year 2001. Journalize the mine’s acquisition and its first year’s depletion