Falcon, Inc., owns a silver mine that it purchased several years ago for $925,000. The adjusted basis at the beginning of the year is $400,000. For the year, Falcon deducts depletion of $700,000 (greater of cost depletion of $290,000 or percentage depletion of $700,000) for regular income tax purposes.

If an amount is zero, enter "0".

a. Falcon has a positive AMT tax preference of $__________

b. Falcon's regular income tax adjusted basis is $___________

c. Falcon's AMT adjusted basis is $___________