\f, M 2. 2018. King Company purchased land that cost $450,000, a huikng an the land ' 1\" coat 31.470.000, and W3 that cast $30,000. The building has an estimated usell ' "in d 28 years. The equipment has an estimated usexl fe of 6 years. - Requited: Pmpate the mopey, dent, and eguigment section of the balance sheet as of December 31, 2018. "3- Note: Use straight-line depreciation with no saivage value. 1&1an D? Mammal} December31 PWPEII}: PEEL and Raw (Choose one) v g E Total Rom, Plant, and quzjgneut Next :2: Explain