In January, Vorst Co purchased a mineral mine with removable ore estimated at 1.2 million tons for $2,640,000. After Vorst has extracted all the ore, the company will be required to restore the land to its original condition at an estimated cost of $220,000. The present value of the restoration costs is estimated at $180,000. During the year, Vorst incurred $360,000 of development costs preparing the mine for production. Determine the total capitalized cost of the mineral mine. O $3,180,000 O $2,640,000 $2,820,000 O $3,220,000