(Learning Objective 5: Record natural resource assets and depletion) Charleston Mines paid $628,000 for the right to extract ore from a 325,000-ton mineral deposit. In addition to the purchase price, Charleston Mines also paid a $930 filing fee, a $2,300 license fee to the state of West Virginia, and $66,820 for a geologic survey of the property. Because the company purchased the rights to the minerals only, it expected the asset to have zero residual value when fully depleted. During the first year of production, Charleston Mines removed 58,000 tons of ore, of which it sold 53,000 tons. Make journal entries to record (a) purchase of the mineral rights, (b) payment of fees and other costs, (c) depletion for first-year production, and (d) sales of ore. Round depletion per unit to the closest cent.