QUESTION 2 Not complete Marked out of 1.00 Flag question Percent Depleted Evergreen Company acquired property for $4,800,000 to harvest timber on January 1, 2014. Evergreen estimated that the land would produce 2,000,000 board feet of timber and once harvesting was complete, the property could be sold for $400,000. During 2014, 2015, and 2016, Evergreen recovered 60,000, 80,000, and 100,000 board feet of timber, respectively. As a result, the land should appear on Evergreents balance sheet at what amount (net of depletion) at the end of 2016? Select one: O a. $4,800,000 O b. $3,872,000 C. $4,400,000 O d. $4,272,000