In January, 2020, Sunland Company purchased a mineral mine for $5200000 with removable ore estimated by geological surveys at 2000000 tons. The property has an estimated value of $300000 after the ore has been extracted. The company incurred $1600000 of development costs preparing the mine for production. During 2020, 590000 tons were removed and 500000 tons were sold. What is the amount of depletion that Sunland should expense for 2020?

$2125000

$1225000

$1152500

$1625000