te Accounting, 16e CALCULATOR PRINTER VIRSTON CES Question 1 Slue Realty Corporation purchised a tract of unimproved land for $52,000. This land was improved and subdlivided into building lots at an but owing additional cost of $27,000. These building lots were all of the same size g 2018 to differences in location were offered for sale at different prices as follows. Group No. of Lots Price per Lot $5,700 7,600 4,560 15 15 Operating expenses for the year allocated to th Group 1 Group 2 Group 3 is project total $16,000. Lots unsold at the year-end were as follows. 5 lots 7 lots 2 lots fiscal year Blue Reelty Corporation instructs you to arrive at the nat income realized on this operation to date. (Round ratios for computational purposes to 4 decimal places, e.g 78.7234% and final answer to O decimal places, e.g. 5,845) Net income Question Attempts: 1 of 6 used SAVE TOERSUBMIT