Home Properties is developing a subdivision that includes 440 home lots. The 220 lots in the Canyon section are below a ridge and do not have views of the neighboring canyons and hills; the 220 lots in the Hilitop section offer unobstructed views. The expected selling price for each Canyon lot is \\( \\$ 57,000 \\) and for each Hiltop lot is \\( \\$ 94,000 \\). The developer acquired the land for \\( \\$ 1,700,000 \\) and spent another \\( \\$ 3,100,000 \\) on street and utities improvements. Assign the joint land and improvement costs of \\( \\$ 4,800,000 \\) to the Caryon section and the Hiltop section using the value basis of allocation. Note: Do not round your intermediate calculations. A dairy company processed raw milk for \\( \\$ 64,500 \\). This raw milk can be converted into the following types of milk with listed sales values. Use the sales value basis to (t) allocate the total cost of the raw milk to each type of milk and (2) determine the gross profit for each type of milk