Required information [The following information applies to the questions displayed belowj 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 Tons Extracted per Year Tons of Coal 18,950 Basis $2,918,300 $154.00 Rate Year 1 4,500 2 Year3 6,600 Year 8,850 a. What is Last Chance's cost depletion for years 1, 2, and 3