Home Properties is developing a subdivision that includes 330 home lots. The 210 lots in the Canyon section are below a ridge and do not have views of the neighboring canyons and hills; the 120 lots in the Hilltop section offer unobstructed views. The expected selling price for each Canyon lot is $44,000 and for each Hilltop lot is $102,000. The developer acquired the land for $1,600,000 and spent another $3,800,000 on street and utilities improvements. Assign the joint land and improvement costs of $5,400,000 to the Canyon section and the Hilltop section using the value basis of allocation. Note: Do not round your intermediate calculations. Canyon section Hilltop section Totals Sales Value Percent of Sales Value Cost to Allocate Allocated Cost % of Sales Numerator Denominator Value