Sunland Realty Corporation purchased a tract of unimproved land for $93,500. This land was improved and subdivided into building lots at an additional cost of $58,582. These building lots were all of the same size but owing to differences in location were offered for sale at different prices as follows.

AS File G is GAP M Ha i Wh Fin S X (? E9 G hin G 6 + (8) Fre + X -> C D A edugen.wileyplus.com/edugen/student/mainfr.uni G CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION 1 BACK NEXT ASSIGNMENT RESOURCES E8.6, P8.6; E9.7, E9.9, Exercise 9-09 E9.11 Sunland Realty Corporation purchased a tract of unimproved land for $93,500. This land was improved and subdivided into building lots at an additional cost of $58,582. These building Exercise 8-06 lots were all of the same size but owing to differences in location were offered for sale at different prices as follows. Problem 8-06 * Exercise 9-07 Group No. of Lots Price per Lot Exercise 9-09 WNE 9 $5,100 Exercise 9-11 15 6,800 17 Review Score 4,080 Review Results by Study Objective Operating expenses for the year allocated to this project total $30,940. Lots unsold at the year-end were as follows. Group 1 4 lots Group 2 6 lots Group 3 1 lots At the end of the fiscal year Sunland Realty Corporation instructs you to arrive at the net income realized on this operation to date. (Round ratios for computational purposes to 4 decimal places, e.g. 78.7234% and final answer to 0 decimal places, e.g. 5,845.) Net income $ Question Attempts: 0 of 3 used SAVE FOR LATER SUBMIT ANSWER License Agreement | Privacy Policy | @ 2000-2020 John Wiley & Sons, Inc. All Rights Reserved. A Division of John Wiley & Sons, Inc. Version 4.24.19.1 + 11:19