Whispering Realty Corporation purchased a tract of unimproved land for $82,500. This land was improved and subdivided intobuilding lots at an additional cost of $51,690. These building lots were all of the same size but owing to differences in location wereoffered for sale at different prices as follows.Group123Group 1Group 2Group 3No. ofLots9Net income1517Operating expenses for the year allocated to this project total $27,300. Lots unsold at the year-end were as follows.5 lots7 lotsPrice per Lot$4,5006,0002 lots3,600At the end of the fiscal year Whispering Realty Corporation instructs you to arrive at the net income realized on this operation to date.(Do not round intermediate calculations. Round final answer to 0 decimal places, e.g. 5,845.)

1 2 3 957 Group 1 Group 2 Group 3 15 17 Operating expenses for the year allocated to this project total $27,300. Lots unsold at the year-end were as follows. 5 lots 7 lots $4,500 6,000 3,600 2 lots at the end of the fiscal year Whispering Realty Corporation instructs you to arrive at the net income realized on this operation to date. Do not round intermediate calculations. Round final answer to 0 decimal places, e.g. 5,845.)