On January 2, 2023, Cooper Company purchased land that cost $780,000, a bulding on the land that cost 5680,000 , and equiprnent that cost $58,000, 1 bulding has an estimatied usclul life of 25 vears. The equipment has an estimated usefur life of 8 years. Required: Prepare the property, plantinand equipent section of the balance stinet as of December 31, 2023; Note: Use straight-line depresiation with no salvage value