Last Chance Mine (LCM) purchased a coal deposit for $2,088,450. It estimated it would extract 17,550 tons of coal from the deposit. LCM mined the coal and sold it, reporting gross receipts of $1.15 million, $4.35 million, and $3.1 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 ($15,400), $667,500, and $662,500, respectively. In years 1-3, LCM actually extracted 18,550 tons of coal as follows:(Leave no answer blank. Enter zero if applicable. Enter your answers in dollars and not in millions of dollars.)

Tons extracted per year

(1) (2) Depletion (2)/(1) Rate Year 1 Year 2 Year 3

$17,550 $2,088,450 $119.00 2,400 11,450 4,700

a.What is LCM's cost depletion for years 1, 2, and 3?