4. Assuming that of the 300,000 ounces of gold extracted in 20x2, 280,000 ounces were sold and 20,000 ounces remain in inventory. How much depletion is recognized in the 20x2 (a) statement of financial position and (b) statement of profit or loss and other comprehensive income, respectively? Statement of financial position Statement of profit or loss a. 1,680,000 120,000 b. 116,000 1,624,000 C. 11,000 154,000 d. 120,000 1,680,000