elearn squ.edu.om System (Academic) diate Financial Accounting || Fall20 COVID Company purchased a plot of ground for $500,000 and spent $2,500,000 in developing it for building lots. The lots were classified into A, B, and C grades, to sell at $70,000, $150,000, and $66,000 each, respectively. Required: (SHOW YOUR WORKING. You can upload your working for this question via the provided link/button) Allocate the cost of the lots using a relative standalone sales value method (determine the cost per lot for each lots grade) Paragraph BIE 1