Refer to Exercise 9-10. Assume that the only other assets at December 31, 2022, were total current assets of $338,000. Prepare the asset section of Dynamic Exploration’s classified balance sheet at December 31, 2022.

Data From Exercise 9-10

At December 31, 2022, Dynamic Exploration’s balance sheet showed total PPE assets of $802,000 and total accumulated depreciation of $339,980 as detailed in the PPE subledger below. Dynamic calculates depreciation to the nearest whole month.

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Cost Information Depreciation¹ Method Description Date of Purchase Cost² Residual Life Building May 2, 2017 10 yr. Modular furniture May 2, 2017 72,000 -0- 6 yr. 68,000 Truck Jan. 25, 2020 80,000 10,000 8 yr. 45,313 1 S/L = Straight-line; DDB = Double-declining-balance. 2 There have been no disposals or betterments since the date of purchase. S/L S/L DDB Balance of Accum. Deprec. Dec. 31, 2022 $226,667 $650,000 $250,000 Depreciation Depreciation Expense for 2023 Balance of Accum. Deprec. Dec. 31, 2023