On January 2, 2018, Nelson Company purchased land that cost $540,000, a building on the land that cost $660,000, and equipment that cost $35,000. The building has an estimated useful life of 22 years. The equipment has an estimated useful life of 5 years. Required: Prepare the property, plant, and equipment section of the balance sheet as of December 31 2018. Note: Use straight-line depreciation with no salvage value. Balance Sheet (partial) Decembr 31 Property, Plant, and Equipmant (Choose one) Total Property, Plant, and Equipment Clear Undo Help