Home Properties is developing a subdivision that includes 450 home lots. The 160 lots in the Canyon section are below a ridge and do not have views of the neighboring canyons and hills; the 290 lots in the Hilltop section offer unobstructed views. The expected selling price for each Canyon lot is $47.000 and for each Hilltop lot is $110,000. The developer acquired the land for $2,100,000 and spent another $2,300,000 on street and utilities improvements Assign the joint land and improvement costs of $4,400,000 to the Canyon section and the Hilltop section using the value basis of allocation. (Do not round your intermediate calculations.) Sales Value Quantity o Lata Percent of Sales Value Cost to Allocate Aloed Coat Numerator Denominator % of Sains Value 0 Canyon section Hilltop section 0 Totals $ 110,000 0