Concord Corporation acquired a tract of land containing an extractable natural resource. Concord is required by its purchase contract to restore the land to a condition suitable for recreational use after it has extracted the natural resource. Geological Surveys estimate that the recoverable reserves will be 2600000 tons, and that the land will have a value of $1040000 after restoration Relevant cost information follows: Land $7440000 Estimated restoration costs 1400000 If Concord maintains no inventories of extracted material, what should be the charge to depletion expense per ton of extracted material $2.46 $3.40 $3.00 $2.86