A nonprofit organization operates a thrift store that sells donated clothing items. The organization received 500 clothing items from various donors during the month of January. The organization estimates that each clothing item has a useful life of 2 years and will sell for an average price of $10. During the month of January, the organization sold 200 clothing items. What is the value of the clothing items sold during the month of January, and what is the monthly depreciation expense of the remaining clothing items in inventory?

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