On July 4, 2021, Marigold Mining Company purchased the mineral rights to a granite deposit for $1660000. It is estimated that the recoverable granite will be 400000 tons. During 2021, 105000 tons of granite was extracted and 56000 tons were sold. The amount of the Depletion Expense recognized for 2021 would be On January 1, 2021, Bramble Company, a calendar-year company, issued $898000 of notes payable, of which $224500 is due on January 1 for each of the next four years. The proper balance sheet presentation on December 31, 2021, is