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Vaughn Realty Corporation purchased a tract of unimproved and for $104,500. This land was improved and subdivided into building lots at an additional cost of

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Vaughn Realty Corporation purchased a tract of unimproved and for $104,500. This land was improved and subdivided into building lots at an additional cost of $65,474. These building lots were all of the same sure but owing to differences in location were offered for sale at different prices as follows. No. of Lets Price per Lot Price per $5,700 7.400 4.560 Operating expenses for the year allocated to this project total $34,580. Lots unsold at the year-end were as follows Group 1 Group 2 Group 3 5 lots 7 lots 2 lots At the end of the fiscal year Vaughn Realty Corporation instructs you to arrive at the net income realized on this operation to date. (Round ratios for computational purposes to places, e.g. 78.7234 and final answer to decimal places,.. 5,845.) 17294 Click if you would like to show Work for this questions Open Show Work

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