Splish Company owns a 7,000-acre tract of timber purchased in 2006 at a cost of $1,313 per acre. At the time of purchase, the land was estimated to have a value of $313 per acre without the timber. Splish Company has not logged this tract since it was purchased. In 2020, Splish had the timber cruised. The cruise (appraiser) estimated that each acre contained 8,080 board feet of timber. In 2020, Splish built 10 miles of roads at a cost of $8,400 per mile. After the roads were completed, Splish logged and sold 3,535 trees containing 858,500 board feet. (a) * Your answer is incorrect. Determine the cost of timber sold related to depletion for 2020. (Round answer to O decimal places, eg. 5,125) Cost of timber sold $ 743750 Activate W Go to Setting