12 Required information Problem 7-8A Record the disposal of equipment (L07-6) [The following information applies to the questions displayed below.) New Morning Bakery is in the process of closing its operations. It sold its two year-old bakery ovens to Great Harvest Bakery for $610,000. The ovens originally cost $811,000, had an estimated service life of 10 years, had an estimated residual value of $51,000, and were depreciated using straight-line depreciation Complete the requirements below for New Morning Bakery Problem 7-8A Part 1 nces Required: 1. Calculate the balance in the accumulated depreciation account at the end of the second year Accumulated depreciation