Kingbird Paper Products purchased 12,100 acres of forested timberland in March 2020. The company paid $2,057 per acre for this land, which was above the $968 per acre most farmers were paying for cleared land. During April, May, June, and July 2020, Kingbird cut enough timber to build roads using moveable equipment purchased on April 1, 2020. The cost of the roads was $303,100, and the cost of the equipment was $272,250; this equipment was expected to have a $10,890 salvage value and would be used for the next 15 years. Kingbird selected the straight-line method of depreciation for the moveable equipment. Kingbird began actively harvesting timber in August and by December had harvested and sold 653,400 board feet of timber of the estimated 8,167,500 board feet available for cutting. In March 2021, Kingbird planted new seedlings in the area harvested during the winter. Cost of planting these seedlings was $145,400. In addition, Kingbird spent $9,680 in road maintenance and $7,260 for pest spraying during calendar-year 2021. The road maintenance and spraying are annual costs. During 2021, Kingbird harvested and sold 936,540 board feet of timber of the estimated 7,804,500 board feet available for cutting. In March 2022, Kingbird again planted new seedlings at a cost of $181,500, and also spent $18,150 on road maintenance and pest spraying. During 2022, the company harvested and sold 786,500 board feet of timber of the estimated 7,865,000 board feet available for cutting. Compute the amount of depreciation and depletion expense for each of the 3 years (2020, 2021, and 2022). Assume that the roads are usable only for logging and therefore are included in the depletion base. (Round intermediate calculations to 5 decimal places e.g. 1.08541 and final answers to O decimal places, e.g. 45,892.) 2020 Depletion Expense 1078400 2021 +A $ 1505640 Depreciation Expense $ 13068 $ 17424 2022 1193101 18077