In fiscal 2020, Bridgeport Realty Corporation purchased unimproved land for $55,700. The land was improved and subdivided into building lots at an additional cost of $34,700. These building lots were all the same size but, because of differences in location, were offered for sale at different prices, as follows: Group No. of Lots Price per Lot 1 8 $3,630 2 17 4,570 3 24 2,720 Operating expenses that were allocated to this project totalled $19,100 for the year. At year end, there were also unsold lots remaining, as follows: Group 1 4 lots Group 2 7 lots Group 3 3 lots Determine the year-end inventory and net income of Bridgeport Realty Corporation. Ignore income taxes. (Round computations to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places. e.g. 5,275.) Year-end inventory $ Net income / (Loss) $