Last Chance Mine purchased coal depositor 780.000 lt estimated it would extra 12.000 tons of coal from the deposit LC mined the coal and sold it reporting gross receipts of $1 million for year! During year 1LC reported net income from the coil deposit adliyey in the amount of S60 In year 1 C actually extracted 3,000 tons of coal. What is Last Chance's percentage depletion for year 1 (the applicable percentage for coalis 10 percent