In January 2020, Sheffield Corp. purchased a mineral mine for $4800000 with removable ore estimated by geological surveys at 1500000 tons. The property has an estimated value of $310000 after the ore has been extracted. The company incurred $1300000 of development costs preparing the mine for production. During 2020, 590000 tons were removed and 550000 tons were sold. What is the amount of depletion that Sheffield should expense for 2020?

A. $2123000

B. $2929666

C. $1646333

D. $1543667