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National Mining Corp. purchased a mine, which holds an estimated 34 comma 000 tons of iron ore, on January 1, 2018, for $ 503 comma

National Mining Corp. purchased a mine, which holds an estimated 34 comma 000 tons of iron ore, on January 1, 2018, for $ 503 comma 000. The mine is expected to have zero residual value. The business extracted and sold 19 comma 500 tons of ore in 2018 and 17 comma 800 tons of ore in 2019. What is the depletion expense for 2018? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.)

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