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Hello, can someone kindly help me with this problem? Heart & Home Properties is developing a subdivision that includes 350 home lots. The 150 lots

Hello, can someone kindly help me with this problem?

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Heart & Home Properties is developing a subdivision that includes 350 home lots. The 150 lots in the Canyon section are below a ridge and do not have views of the neighboring canyons and hills; the 190 lots in the Hilltop section offer unobstmcted views. The expected selling price for each Canyon lot is $41,000 and for each Hilltop lot is $93,000. The developer acquired the land for $1,800,000 and spent another $2,900,000 on street and utilities improvements. Assign thejoint land and improvement costs to the lots using the value basis of allocation and determine the average cost per lot. {Do not round your intermediate calculations.) Hilltop

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