deposit. LCM mined the coal and sold it, reporting gross receipts of $1.26 million, $10.8 mill through 3, respectively. During years 1-3, LCM reported net income (loss) from the coal dep ($18,900), $570,000, and $552,500, respectively. In years 1-3, LCM extracted 16,300 tons (1) Tons of Coal 15,300 (2) Basis $1,055,700 Depletion (2) (1) Rate $69.00 Year 1 2,900 Tons Extracted per Year Year 2 Year 3 9,300 4,100 Note: Leave no answer blank. Enter zero if applicable. Enter your answers in dollars and Problem 10-75 Part c (Algo) c. Using the cost and percentage depletion computations from parts (a) and (b), what is LCM's ac Depletion Expense Year 1 Year 2 Year 3