In January 2015, Fehr Mining Corporation purchased a mineral mine for $6,062,261 with removable ore estimated by geological surveys at 2,544.299 tons. The property has an estimated value of $600,000 after the ore has been extracted. Fehr incurred $1,705,466 of development costs preparing the property for the extraction of ore. During 2015, 340,000 tons were removed and 300,000 tons were sold. For the year ended December 31, 2015, Fehr should include what amount of depletion in its cost of goods sold? (do not round the depletion rate when multiplying it by units removed or sold)