In March, 2020, Concord Corporation purchased a coal mine for $7930000. Removable coal is estimated at 1500000 tons. Concord is required to restore the land at an estimated cost of $980000, and the land should have a value of $840000. The company incurred $2010000 of development costs preparing the mine for production. During 2020, 360000 tons were removed and 240000 tons were sold. The total amount of depletion that Concord should record for 2020 is

$2419200.

$2184000.

$1456000.

$1612800.