On January 2, 2019, Whistier Company purchased land for $460,000, from which it is estimated that 410,000 tons of ore could be extracted. It estimates that the present value of the cost necessary to restore the land is $74,000, after which it could be sold for $21,000. During 2019, Whistler mined 89,000 tons and sold 78,000 tons. During 2020, Whistler mined 114,000 tons and sold 106,000 tons. At the begining of 2021. Whistier spent an additional $80,000, which increased the reserves by 65,000 tons. In 2021 , Whistler mined 162,000 tons and sold 152,000 tons. Whistler uses a FIFO cost flow assumption. Required: If required, round the depletion rate to the nearest cent and round the final answers to the nearest dollar. 1. Colculate the depletion included in the income statement and ending inventory for 2019,2020 , and 2021. 2019 Depletion deducted from income $ Depletion included in inventory 2020 Depletion deducted from income 1 Depletion included in inventory 1 2021 Depletion deducted from income $ Depletion included in inventory 5 2. Complete the natural resources section of the balance sheet on December 31, 2019, 2020, and 2021, assuming that an accumulated depletion account is used. 3. Assume Whistler's discount rate was 9%. What is the balance in the asset retirement obligation at 2019,2020 , and 2021