Home Properties is developing a subdivision that includes $380$ home lots. The $160$ lots in the Canyon section are below a ridge and do

not have views of the neighboring canyons and hills; the $220$ lots in the Hillop section offer unobstructed views. The expected selling

price for each Canyon lot is $$51,000$ and for each Hilltop lot is $$100,000.$ The developer acquired the land for $$2,200,000$ and spent

another $$3,100,000$ on street and utilities improvements.

Assign the joint land and improvement costs of $$5,300,000$ to the Canyon section and the Hilltop section using the value basis of

allocation.

Note: Do not round your intermediate calculations.