Belgrade Lakes Properties is developing a golf course subdivision that includes 225 home lots; 100 lots are golf course lots and will sell for $100,000 each; 125 are street frontage lots and will sell for $70,000. The developer acquired the land for $1,850,000 and spent another $1,450,000 on street and utilities improvement. Compute the amount of joint cost to be allocated to the golf course lots using value basis.(Round your intermediate calculation to one decimal place.)

$2,053,020.

$1,758,900.

$1,541,100.

$1,812,020.

$1,456,180.