Kleso, Intermedlate Accounting, 16e Help I S Exercise 9-9 Pearl Realty Corporation purchased the same size but a tract of unimproved land for $53,000. This land was improved and subdivided into building lots at an additional cost of owing to differences in location were offered for sale at different prices as follows. $28,000. These building lots were all of Price per Lot $6,000 8,000 4,800 Group No. of Lots 17 18 Operating expenses for the year allockted to this project total $17,000 Lots unsold at the year-end were tolions Group 1 Group 2 Group 3 S lots 7 lots 2 lots computational purposes to 4 decimal, At the end of the fiscal year Pearl Realty Corporation instructs you to arrive at the net income realized on this operation to date. (Round ratios for e.g. 78.7234% and final answer to 0 decimal places, eg, S,84%) Net income s Click if you would like to Show Work for this question: Open Show Wors sat umre Question Attempts:0 o, 3 used