Sandhill Realty Company purchased a plot of ground for $1,940,000 and spent $4,300,000 in developing it for building lots. The lots were classified into Highland, Midland, and Lowland grades, to sell at $148,000, $111,000, and $74,000 each, respectively. Complete the table below to allocate the cost of the lots using a relative sales value method. No. of Lots Grade Selling Price Total Revenue % of Total Sales Highland 20 $ $ $ % $ Midland 40 % Lowland 100 96 160 $ $ Sandhill Realty Company purchased a plot of ground for $1,940,000 and spent $4,300,000 in developing it for building lots. The lots were classified into Highland, Midland, and Lowland grades, to sell at $148,000, $111.000, and $74,000 each, respectively. Complete the table below to allocate the cost of the lots using a relative sales value method. Apportioned Cost Total Revenue % of Total Sales Total Per Lot $ % $ % % $ $