On January 2, 2023, Thomas Company purchased land that cost $640,000, a building on the land that cost $580,000, and equipment that cost $45,000. The building has an estimated useful life of 29 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, 2023. Note: Use straight-line depreciation with no salvage.value. Property. Plant and Equipment (Choose one) Total Property, Plant, and Equipment Thomas Company Balance Sheet (partial) December 31