Monroe Minerals Company purchased a copper mine for $124,000,000. The mine was expected to produce 50,000 tons of copper over its useful life. During Year 1, the company extracted 6,800 tons of copper. The copper was sold for 55,300 per ton Assume that the company incurred $8,680,000 in operating expenses during Year 1. Based on this information, how much net Income would Monroe report in Year 1? Multiple Choice $19.175.000 $10.496.000 $8.184.000 Multiple Choice $19.176.000 $10.496.000 $8.184.000 $16,864,000