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. Group 1 2 3 No. of Lots Group 1 Group 2 Group 3 9 15 17 4 lots Operating expenses for the year allocated to this project total $30,940. Lots unsold at the year-end were as follows. 6 lots Price per Lot $5,100 1 lot 6,800 4,080 At the end of the fiscal year Sunland Realty Corporation instructs you to arrive at the net income realized on this operation to date. (Do not round intermediate calculations. Round final answer to 0 decimal places, e.g. 5,845.)

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 salcat diffecent prices as follows. Operating expenses for the year allocated to this project total $30,940. Lots unsold at the year-end were as follows. Group 1 4lots: Group 26 lots Group 3 lot At the end of the fiscal year Sunland Realty Corporation instructs you to arrive at the net income realized on this operation to date (Do not round intermediate colculations, Round final answer to 0 decimal ploces, es. 5,845.) Operating expenses for the year allocated to this project total $30,940. Lots unsold at the year-end were as follows. Group 14 lots Group 2 6lots Group 31 lot At the end of the fiscal year Sunland Realty Corporation instructs you to arrive at the net income realized on this operation to date. (Do not round intermediate calculations. Round final answer to 0 decimal places, e.s. 5,845.) Net income