Home Properties is developing a subdivision that includes 390 home lots. The 200 lots in the Canyon section are below a ridge and do not have views of the neighboring canyons and hills; the 190 lots in the Hilltop section offer unobstructed views. The expected selling price for each Canyon lot is $57,000 and for each Hilltop lot is $106,000. The developer acquired the land for $2,300,000 and spent another $1,300,000 on street and utilities improvements Assign the joint land and improvement costs of $3,600,000 to the Canyon section and the Hiltop section using the value basis of allocation. Note: Do not round your intermediate calculations