Apple Corporation purchased a tract of unimproved land for $$610,000.$ This land was improved and subdivided into building lots at a

additional cost of $$125,000.$ These building lots were all of the same size but owing to differences in location were offered for

different prices as follows:

Operating expenses for the year allocated to this project total $$72,500.$ Lots unsold at the year$-$end were as follows

Group $19$ lots

Group $2$ lots

Group $3$ lots

At the end of the fiscal year Apple Corporation instructs you to arrive at the net income realized on this operation to date. $($Do not

round intermediate calculations. Round final answer to $0$ decimal places, e$.$g$.5,845.)$

Net income $