Explain the difference between development costs and Land and improvements.\ b.\ Calculate the percent used up of the development costs.\ c.\ Calculate the percent used up of the Property and equipment. What does this imply for future cash flows?\ d.\ Assume that on January 1, 2022 the company determined that the development costs had a fair value of $4,000,000. How would this affect the company's balance sheet and income statement in 2022?