On January 2,2023 , Martin Company purchased land that cost $370,000, a building on the land that cost $1,460,000, and equipment that cost $33,000. 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, 2023. Note: Use straight-line depreciation with no salvage value