Required Information Problem 10.75 (LO 10-5) (Algo) The following information applies to the questions dispiared below] Last Chance Mine 4CM ) purchased a coat depostt for $2,088,450 H esthated it would extract 17,550 tons of conal from the deposit LCM mined the coal and sold it, reporting gross receipts of $1.15 multion, $4.35 milion, and $3.1 million for years 1 through 3 , respectively During years 1-3, LCM reported net income (loss) from the coal deposit activity in the amount of ($15,400),$667,500, and $662,500, respectively. In years 13,1CM extracted 18,550 tons of coal as follows Note: Leave no onswer blank. Enter zero if applicable. Enter your onswers in dollars ond not in millons of dollars: Problem 10-75 Part a (Algo) a. What is tCMr cot deptetion for years 1,2 , and 3 ? Required informotion Problem 10-75 (LO 10-5) (Algo) [The following information applles to the questions displayed below] Last Chance Mine (tCM) purchased a coal deposit for $2,088,450. It estimated it would extract 17,550 tons of coal from the deposit. LCM mined the coal and sold it, reporting gross recelpts of $115milion,$4.35milion, and $3.1milion for years 1 through 3, respectively. During years 13, LCM reported net income (loss) from the coal deposit activity in the amount of ($15,400),$667,500, and $662,500, respectively, In years 13, LCM extracted 18,550 tons of coal as follows Note: Leave no onswer blenk. Enter zero if applicable. Enter your answers in dollars ond not in millions of dollars. Problem 10-75 Part b (Algo) b. What is LCM's percentage depletion for each year (the applicable percentage for coal is 10 percent)? Required Information Problem 10-75 (LO 10.5) (Algo) [The following information applies to the questions displayed below] Last Chance Mine (LCM) purchased a coat depost for $2,088,450 it estimated it would extract 17,550 tons of coal from the deposit. LCM mined the coal and sold it, reporting gross receipts of $1.15 milion, $4.35 milion, and $3.1mili ion for years 1 through 3 , respectively. During years 13, LCM reported net income (loss) from the coal deposit activity in the amount of ($15,400),$667,500, and $662,500, respectively in years 13, LCM extracted 18,550 tons of coal as follows: Note: Leave no answer blank. Enter zero if opplicable. Enter your answers in dollars and not in millons of dollars. Problem 10-75 Part c (Algo) c. Using the cost and percentage depletion computations from parts (a) and (b), what is LCM's actual depletion expense for each year