On January 2, 2021, Jackson Company purchased land that cost $880,000, a building on the land that cost $880,000, and equipment that cost $30,000. The building has an estimated useful life of 20 years. The equipment has an estimated useful life of 6 years. Required: Prepare the property, plant and equipment section of the balance sheet as of December 31, 2021. Note: Use straight-loe depreciation with no salvage value. Jackson Company Balance Sheet(partial December 31 Property. Plant and Equipment Choose one! e Total Property, plant, and Equipment