Home Properties is developing a subdivision that includes $470$ home lots. The $230$ lots in the Canyon section are below a ridge and do not have views of the neighboring canyons and hills; the $240$ lots in the Hilltop section offer unobstructed views. The expected selling price for each Canyon lot is $$52,000$ and for each Hilltop lot is $$108,000.$ The developer acquired the land for $$2,300,000$ and spent another $$2,100,000$ on street and utilities improvements.Home Properties is developing a subdivision that includes $470$ home lots. The $230$ lots in the Canyon section are below a

ridge and do not have views of the neighboring canyons and hills; the $240$ lots in the Hillop section offer unobstructed

views. The expected selling price for each Canyon lot is $$52,000$ and for each Hillop lot is $$108,000.$ The developer

acquired the land for $$2,300,000$ and spent another $$2,100,000$ on street and utilities improvements.

Assign the joint land and improvement costs of $$4,400,000$ to the Canyon section and the Hillop section using the value

basis of allocation.

Note: Do not round your intermediate calculations.

Assign the joint land and improvement costs of $$4,400,000$ to the Canyon section and the Hilltop section using the value basis of allocation.