Arizona Mining Company acquired property with copper ore reserves estimated at 2 million pounds for $1,800,000. The property will have an estimated value of $100,000 after the ore has been extracted. Before any ore could be re- moved, it was necessary to incur $500,000 of developmental costs. In the first year, 200,000 pounds were removed and 160,000 pounds of ore were sold; in the second year, 400,000 pounds were removed and 410,000 pounds were sold. In the course of the second year's production, discoveries were made that indicated that if an added $1,460,000 is spent on developmental costs during the third year, future removable ore will total 2.5 million pounds. After these added costs were incurred, production for the third year amounted to 510,000 pounds with sales of 450,000 pounds. Required Calculate depletion and cost of goods sold that the company reports on its income statement for each of the three years. Assume FIFO (first-in, first-out) inventory flow