Three yeаrs аgо, the Lucky Strike mine in Arizоnа was purchased fоr $80,000. At the time of purchase, the mine contained 1,000 tons of mica. Production, sales, and taxable income for the first three years were: Year Extracted Mica (tons) Sales ($) Taxable Income ($) 1 60 18,700 20,000 2 200 60,000 27,000 3 120 57,950 40,000 The cost depletion amount for Year 2 was $16,000. (Round answers to nearest dollar.) Determine the percentage depletion amount for Year 2. $[p2] What depletion allowance should Lucky Strike take for Year 2? $[t2]