On January 2, 2022, Baker Company purchased land that cost $790,000, a bullding on the land that cost $570,000, and equipment that cost $54,000. Th bullding has an estimated useful life of 24 years. The equipment has an estimated useful life of 9 years. Required: Prepare the property, plant, and equipment section of the balance sheet as of December 31,2022. Note: Use straight-line depreciation with no salvage value