P 8-1 Arrow Construction Company Ltd. purchased a farm from K. Jones. Arrow and Jones completed the transaction under the following terms: a check from Arrow to Jones for $140,000; bank loan assumed by Arrow, $100,000. Legal, accounting, and brokerage fees amounted to $20,000. It was Arrow's intention to build homes on the property after sub-dividing. Crops on the farm were sold for $6,000; a house was sold for $1,600; barns were razed at a cost of $6,000. Salvaged lumber was sold for $4,400. The property was cleared and levelled at a cost of $10,000. The necessary property was turned over to the township for roads, schools, churches, and playgrounds. Riverside still expected to secure a total of 500 identical lots from the remaining land. Required: Prepare a schedule showing the cost to Arrow of the 500 lots.