Balance sheet data for Sunlight Petroleum as of 12/31/06 is as follows for Lease C:

Leasehold costs	$200,000
Less: Accumulated DD&A	($40,000)
Net leasehold costs	$160,000
Wells and related E&F—IDC	$1,300,000
Less: Accumulated DD&A—IDC	($400,000)
Net wells and related E&F—IDC	$900,000
Wells and related E&F—L&WE	$800,000
Less: Accumulated DD&A—L&WE	($70,000)
Net wells and related E&F—L&WE	$730,000

Sunlight’s activities during 2007 related to Lease C were as follows:

Exploratory dry hole drilled	$325,000
Development dry hole drilled	$350,000
Tanks, separators, etc., installed	$140,000
Production	120,000 bbl
Proved reserves, 12/31/07	1,300,000 bbl
Proved developed reserves, 12/31/07	1,000,000 bbl

Requirement:
 Calculate the Accumulated Depreciation for 2007.