Home Properties is developing a subdivision that includes 490 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 330 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 $104,000. The developer acquired the land for $2,000,000 and spent another $1,700,000 on street and utilities improvements. Assign the joint land and improvement costs of $3,700,000 to the Canyon section and the Hilltop section using the value basis of allocation. (Do not round your intermediate calculations.) Canyon section: Hiltop section Totals Sales Value Percent of Sales Value Cost to Allocate Allocated Cost Quantity of Lots Numerator % of Sales Denominator Value 0