Oriole Oil Company acquired property rights to search for natural resources on land that it is convinced has oil reserves, for $15,406,400. The contract requires that Oriole restore the property to a status usable for a park after drilling and extraction are complete. The estimated cost of this restoration is $2,369,000. Oriole incurs exploration costs of $1,330,000 and intangible development costs of $1,536,000. Geological surveys suggest that approximately 1,105,000 barrels of oil can be extracted from the site. In 2025, Oriole extracts 255,000 barrels of oil. (a) Your answer is incorrect. What is the depletion base for this location for Oriole Oil? $