On March 25, 2016, Parscale Company purchases the rights to a mineral interest for $8,755,500. At that time, the remaining recoverable units in the mineral interest are estimated to be 767,300 tons.

If required, round any division to two decimal places and use in subsequent computations. Round your final answer to the nearest dollar.

If 115,095 tons are mined and 690,570 tons are sold this year, the cost depletion is $________________