Responsibility Accounting Assignment i 13 2 points Home Properties is developing a subdivision that includes 380 home lots. The 240 lots in the Canyon section are below a ridge and do not have views of the neighboring canyons and hills; the 140 lots in the Hilltop section offer unobstructed views. The expected selling price for each Canyon lot is $46,000 and for each Hilltop lot is $92,000. The developer acquired the land for $2,300,000 and spent another $2,800,000 on street and utilities improvements. Assign the joint land and improvement costs of $5,100,000 to the Canyon section and the Hilltop section using the value basis of allocation. (Do not round your intermediate calculations.) eBook O Hint Canyon section Hilltop section Print Totals References Quantity Sales Value Percent of Sales Value Cost to Allocate Allocated Cost of Lots Numerator Denominator % of Sales Value