In fiscal 2023,MarigoldRealty Corporation purchased unimproved land for $57,400. The land was improved and subdivided into building lots at an additional cost of $34,800. These building lots were all the same size but, because of differences in location, were offered for sale at different prices, as follows:

Group		Number of Lots		Price per Lot
1		11			$3,530
2		14			4,500
3		23			2,430

Operating expenses that were allocated to this project totalled $18,900for the year. At year end, there were also unsold lots remaining, as follows:

Group 1		4lots
Group 2		5lots
Group 3		4lots
Determine the year-end inventory and net income ofMarigoldRealty. Ignore income taxes.(Do not round intermediate calculations. Round final answers to 0 decimal places, e.g. 5,275.)