Simithson Mining operates a silver mine in Nevada. Acquisition, exploration, and development costs totaled $5.6 milion, After the silver Is extracted in approximately five years, Smithson is obiligated to restore the land to its original condition, including constructing a wikdife preserve. The company's controller has provided the following three cash flow possibilities for the restoration costs: (1) $500,000,20% probability: (2) $550,000,45% probablity, and (3) $650,000,35% probability. The company's credit-adjusted, risk-free rate of interest is 6%. What is the book value of the asset retirement uability at the end of one year? Assuming that the actual restoration costs incurred after five years are $596.000, what amount of gain or loss will 5 mithson recognize on retirement of the liabiity? Note: Use approprlate foctor(s) from the tables provided. Do not round Intermediate calculations. Enter your answers in dollars not in millions of dollars. (EV of S1, PV of S1, EVA of \$1, PVA of St, EVAD of \$1 and PVAD of S1)