3. Lyng Oil Company leased a property from Miss Coors in Golden, Colorado for consideration of a 1/8 royalty interest. Lynx Oil drilled and completed a successful oil well which began producing oil on January 22, 2020. During 2020, production costs totaled $600,000. Lynx Oil sold 50,000 bbls of oil for $70/bbl in 2020. 3.a. How much revenue will Miss Coors receive? $0 $437,500 $3.062,500 O $3,500,000