ABC DEVELOPERS is currently selling a subdivision with 10 residential houses. The following are the summary of expenses to be incurred by the company: TOTAL ESTIMATED COSTS PER UNIT COSTS Subdivision Land 8,000,000 800,000 Subdivision Development 2,000,000 200,000 Development Cost 20,000,000 2,000,000 Commission expense 100,000 10,000 In year 1, the developer incurred the actual costs: Subdivision Land 8,000,000 Subdivision Development 2,000,000 Development Cost per unit 1,000,000 Commission expense per unit 10,000 Assume that at this time 1unit is sold. Using the output method and assuming the company's project manager determines that the unit is 60% complete, how much is the cost of sales and the operating expense for year 1