Pleasant Hills Properties is developing a golf course subdivision that includes 225 home lots; 100 lots are golf course lots and will sell for $110,000 each; 125 are street frontage lots and will sell for $80,000. The developer acquired the land for $1,950,000 and spent another $1,550,000 on street and utilities improvement. Compute the amount of joint cost to be allocated to the golf course lots using value basis. Multiple Choice $1,887,120 $1,666.000. $2,128,120. Prey 36 of 48 Next >