Weber Company purchased a mining site for $632,859 on July 1. The company expects to mine ore for the next 10 years and anticipates that a total of 90,801 tons will be recovered. During the first year, the company extracted 4,465 tons of ore. The depletion expense is

a. $31,121.05

b. $28,803.11

c. $47,114.00

d. $58,574.50