Novak Timber Company owns 9,000 acres of timberland purchased in 2014 at a cost of $1,750 per acre. At the time of purchase, the land without the timber was valued at $500 per acre. In 2015, Novak built fire lanes and roads, with a life of 30 years, at a cost of $105,000. Every year, Novak sprays to prevent disease at a cost of $3,750 per year and spends $8,750 to maintain the fire lanes and roads. During 2016, Novak selectively logged and sold 875,000 board feet of timber, of the estimated 4,375,000 board feet. In 2017, Novak planted new seedlings to replace the trees cut at a cost of $125,000. Your answer is correct. Determine the depreciation expense and the cost of timber sold related to depletion for 2016. Depreciation expense $ 3500 Cost of timber sold $ 2250000 Novak has not logged since 2016. If Novak logged and sold 1.125,000 board feet of timber in 2027, when the timber cruise (appraiser) estimated 6,250,000 board feet, determine the cost of timber sold related to depletion for 2027. (Do not round intermediate calculations. Round final answers to 0 decimal places, eg. 5,125) Cost of timber sold 2250000