Required information The following information applies to the questions displayed below. Last Chance Mine (LC) purchased a coal deposit for $2,918,300. It estimated it would extract 18,950 tons of coal from the deposit. LC mined the coal and sold it, reporting gross receipts of $1.24 million, $13 million, and $11 million for years 1 through 3, respectively. During years 1-3, LC reported net income (loss) from the coal deposit activity in the amount of ($11,400), $550,000, and $502,500, respectively. In years 1-3, LC actually extracted 19,950 tons of coal as follows: (Leave no answer blank. Enter zero if applicable. Enter your answers in dollars and not in millions of dollars.) Depletion (2)/(1) Rate Tons Extracted per Year Year 1 Year 2 Year 3 Tons of Coal Basis 18,950 $2,918,300 $154.00 4,500 8,850 6,600 . What is Last Chance's percentage depletion for each year (the applicable percentage for coal is 10 percent)