Mikey's Bar and Grill has total assets of $15 million, of which $5 million are current assets. Cash makes up 10 percent of the current assets and accounts receivable makes up another 40 percent of current assets. Mikey's gross plant and equipment has a book value of $11.5 million, and other long-term assets have a book value of $500,000.

What is the balance of inventory and the balance of depreciation on Mikeys Bar and Grills balance sheet?