Cressy Construction Company purchased land for $4.2 million. Subsequent to the purchase date Cressy Paid $600,000 for land preparation as they were creating lots to sell for a new office park. When recording the sale of each lot what value should be used for the cost? Round to the nearest cent

NOTE: the streets were constructed previously and now owned by the city.

A.What amount should be recorded for cost of each A lot?

B.What amount should be recorded for cost of each B lot?

C.What amount should be recorded for cost of each C lot?