Sunland Company acquired a tract of land containing an extractable natural resource. Sunland is required by its purchase contract to restore the land to a condition suitable for recreational use after it has extracted the natural resource. Geological surveys estimate that the recoverable reserves will be 2600000 tons, and that the land will have a value of $1020000 after restoration. Relevant cost information follows: Land $7580000 Estimated restoration costs 1420000 If Sunland maintains no inventories of extracted material, what should be the charge to depletion expense per ton of extracted material? $2.92 $3.46 $3.07 $2.52