Home Propertles is developing a subdivision that Includes 340 home lots. The 200 lots in the Canyon section are below a ridge and do not have views of the nelghboring canyons and hills: the 140 lots in the Hilitop section offer unobstructed views. The expected selling price for each Canyon lot is $47,000 and for each Hilitop lot is $96.000. The developer acqulred the land for $1700.000 and spent another $2700.000 on street and utlities improvements 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 (Do not round your intermediote colculations.)