On March 31, 2024, a company purchased the right to remove gravel from an old rock quarry. The gravel is to be sold as roadbed for highway construction. The cost of the quarry rights was $316,800, with estimated salable rock of 36,000 tons. During 2024, the company loaded and sold 4,400 tons of rock. On January 1, 2025, the company estimated that 13,200 tons still remained. During 2025, the company loaded and sold 8,800 tons. The company uses the units-of-production method. The company would record depletion in 2025 in the amount of: