In March, 2024, a mining company purchased a coal mine for $8,000,000. Removable coal is estimated at 1,500,000 tons. The company is required to restore the land at an estimated cost of $960,000; after which, the land is expected to have a value of $840,000 (salvage value). The company incurred $2,000,000 of development costs preparing the mine for production. If during 2024, 360,000 tons were removed, then what total amount of depletion should the company record for 2024?