Home Properties is developing a subdivision that includes 410 home lots. The 210 lots in the Canyon section are below a ridge and do not have views of the neighboring canyons and hills; the 200 lots in the Hilltop section offer unobstructed views. The expected selling price for each Canyon lot is $53,000 and for each Hilltop lot is $104,000. The developer acquired the land for $2,200,000 and spent another $2,000,000 on street and utilities improvements. Assign the joint land and improvement costs of $4,200,000 to the Canyon section and the Hilltop section using the value basis of allocation.

\begin{tabular}{|l|l|l|l|l|l|l|l|l|} \hline & Sales Value & \multicolumn{3}{|c|}{ Percent of Sales Value } & Cost to Allocate & AllocatedCost & QuantityofLots \\ \hline & & Numerator & Denominator & \multicolumn{2}{c|}{ of Sales } \\ Value & & & \\ \hline Canyon section & & & & 0 & & \\ \hline Hilltop section & & & & 0 & & \\ \hline Totals & & & & & & \\ \hline \end{tabular}