Marigold Corp. acquired a tract of land containing an extractable natural resource. Marigold is required by its purchase contract to restore the land to a condition suitable for recreational use after it has extracted the natural resource. Geological surveys estimate that the recoverable reserves will be 2400000 tons, and that the land will have a value of $960000 after restoration. Relevant cost information follows: Land $7580000 Estimated restoration costs 1520000 If Marigold maintains no inventories of extracted material, what should be the charge to depletion expense per ton of extracted material? O $2.76 O $3.79 O $3.16 O $3.39