Stellar Mining Company purchased land on Fobruary 1,2020, at a cost of \$1,189,500, it estimated that a total of 56,700 tons of mineral was avallable for mining. After it has removed all the natural resocirces, the compary will be required to restore the properfy to its previous state because of strict environmental protection laws. It estimates the fair value of this restocation obligation at $108,000. It believes it will be able to sell the property afterwards for $120,000. It incurred developmental costs of $240.000 before it was able to do any mining. In 2020 , resources removed totaled 28.350 tons. The company sold 20.790 tons