Last Chance Mine $($LCM$)$ purchased a coal deposit for $$1,334,750.$ It estimated it would extract $14,050$ tons of coal from the deposit. LCM mined the coal and sold it$,$ reporting gross receipts of $$1\mathrm{.}01$ million, $$4$ million, and $$2\mathrm{.}9$ million for years $1$ through $3,$ respectively. During years $1-3,$ LCM reported net income $($loss$)$ from the coal deposit activity in the amount of $($$$13,800),$$$592,500,$ and $$522,500,$ respectively. In years $1-3,$ LCM extracted $15,050$ tons of coal as follows:

$\backslash$table$[[\backslash$table$[[(1)$ Tons of$],[$coal$],[14,050]],\backslash$table$[[(2)$ Basis$],[$$$1,334,750$