A coal mine cost $ 1, 001,000 and is estimated to hold 57 comma 000 tons of coal. There is no residual value. During the first year of operations, 13,000 tons are extracted and sold. Calculate depletion expense for the first year. (Round any intermediate calculations to the nearest cent.)

A.$ 200,200

B.$ 150,150

C.$ 100, 100

D.$ 228,280

--

Dodgers Corp.'s beginning and ending total assets in the year 2019 were $ 18,000,000 and $ 22,000,000, respectively. Its asset turnover ratio for the year was calculated to be 1.7 times. Calculate the amount of net sales for the year 2019.

A.$ 26 ,800,000 B.$ 46,000,000 C.$ 34,000, 000 D. $ 42,000,000

----

Equipment was acquired for $ 200,000 and has accumulated depreciation of $ 94,000. The business exchanges this equipment for new equipment. The new equipment has a market value of $ 300,000 and the business pays $ 51,000 cash. Assume the exchange has commercial substance. The exchange results in ________.

A.gain $ 194,000 B.gain $ 143,000 C.loss $ 143 ,000 D.loss $ 194,000