Vaughn Corporation purchased a tract of unimproved land for $565,000. This land was improved and subdivided into building lots at an additional cost of $124,000. These building lots were all of the same size but owing to differences in location were offered for sale at different prices as follows: Operating expenses for the year allocated to this project total $74,800. Lots unsold at the year-end were as follows: At the end of the fiscal year Vaughn 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.) Net income $ You are called by the CFO of Coronado Co. on March 9 and asked to prepare a claim for insurance as a result of a theft that took place the night before. You suggest that an inventory be taken immediately. The following data are available: Your client reports that the goods on hand on March 9 cost $22,800, but you determine that this figure includes goods of $6,600 received on a consignment basis. Your past records show that sales are made at approximately 20% over cost. Coronado's insurance covers only goods owned. Compute the claim against the insurance company. (Round ratios for computational purposes to 2 decimal places, e.g. 78.73\% and final answer to 0 decimal places, e.g. 28,987.) Claim against the insurance company $