A company owns gold mining operations in the United State, Australia, and South Africa. The Colorado mine has the taxable income and sales results summarized in Table 1. The Percentage depletion (PD) for gold is 15% of gross income, provided it does not exceed 50% of taxable income. Based on the data in Table 1, fill blanks in Table 2. Table 1 Year Taxable Sales, Average Sales Price, S/Ounce Income, $ Ounces 1 170000 2400 100 2 250000 6300 110 3 150000 4200 135 Table 2 The annual percentage depletion amount for the gold mine Year Gross Income, $ Percentage depletion at 15%, $ 50% of TI, $ Allowed Depletion, 1 Blank4 2 Blank 1 Blank3 Blank2 (1) Which of the following is closest to the value in Blank1? O 693,000 O 630,000 O 850,500 O 363,000 (2) Which of the following is closest to the value in Blank2? O 127,575 O 85,050 O 94,500 O 481,950 (3) Which of the following is closest to the value in Blank3? O230,000 250,000 O 175,000 O 125,000