Cohen Exploration Corporation engages in the exploration and development of many types of natural resources. In the last two years, the company has engaged in the following activities: Jan. 1, 2014 Purchased a coal mine estimated to contain 220,000 tons of coal for $768,000. July 1, 2014 Purchased for $1,830,000 a tract of timber estimated to yield 3,040,000 board feet of lumber and to have a residual land value of $156,000. Feb. 1, 2014 Purchased a silver mine estimated to contain 29,300 tons of silver for $792,000. Aug. 1, 2014 Purchased for $715,000 oil reserves estimated to contain 240,000 barrels of oil, of which 21,000 would be unprofi table to pump. Determine the amount of depletion expense that would be recognized on the 2014 income statement for each of the four reserves, assuming 64,000 tons of coal, 1,109,000 board feet of lumber, 8,800 tons of silver, and 84,000 barrels of oil are extracted. (Round "per" values to 2 decimal places and final answers to the nearest whole dollar amount.) Prepare the portion of the December 31, 2014, balance sheet that reports natural resources. (Round "per" values to 2 decimal places and final answers to the nearest whole dollar amount.)