Sarasota Company owns 9,000 acres of timberland purchased in 2006 at a cost of $1,596 per acre. At the time of purchase, the land without the timber was valued at $456 per acre. In 2007, Sarasota built fire lanes and roads, with a life of 30 years, at a cost of $95,760. Every year, Sarasota sprays to prevent disease at a cost of$3,420 per year and spends $7,980 to maintain the fire lanes and roads. During 2008 Sarasota selective logged and sold 798 000 toad feet of timber, of the estimated 3,990,000 board feet. In 2009, Sarasota planted new seedlings to replace the trees cut at a cost of $114,000 Determine the depreciation expense and the cost of timber sold related to depletion for 2008. (Round intermediate calculations to 5 decimal places, e.g. 1.54687 and final answers to O decimal places, e.g. 5,125.) Depreciation expense Cost of timber sold Click if you would like to Show Work for this question: Open Show Work