Exxon Co purchased a new natural gas deposit for $3M. Exxon believes they can extract 1.5 million cubic feet of natural gas. In year 1, they extracted 500,000 cubic feet of natural gas and sold 400,000 cubic feet. What will Exxon Co report as inventory and the natural gas deposit on the year 1 ending balance sheet? O $200K inventory, $2.8M natural gas deposit O $200K inventory, $2M natural gas deposit O$1M inventory, $2M natural gas deposit O $800K inventory, $2.2M natural gas deposit