Crane Realty Corporation purchased a tract of unimproved land for $27,500. This land was improved and subdivided into building lots at an additional cost of $17.230 These building lots were all of the same size but owing to differences in location were offered for sale at different prices as follows. Group 1 No. of Lots 9 15 17 Price per Lot $1,500 2,000 11.200 2 3 Operating expenses for the year allocated to this project total $9.100. Lots unsold at the year-end were as follows. Group 1 Slots Group 2 7 lots Group 3 2 lots At the end of the fiscal year Crane Realty Corporation instructs you to arrive at the net income realized on this operation to date. (Round ratios for computational to 4 decimal places, eg. 78.7234% and final answer to decimal places, e.g. 5,845.) Net income $