N January, 2019, Oaks Corporation purchased a mineral mine for $3,400,000 with removable ore estimated by geological surveys at 2,000,000 tons. The property has an estimated value of $200,000 after the ore has been extracted. The company incurred $900,000 of (intangible) development costs preparing the mine for production, and the estimated present value of restoration costs is $100,000. During 2019, 500,000 tons were removed and 400,000 tons were sold. What amount of cost of goods sold recognized in 2019 will be attributable to depletion