3 of 4 Required Information Problem 7-8A Record the disposal of equipment (LO7-6) [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 $570,000. The ovens originally cost $767,000, had an estimated service life of 10 years, had an estimated residual value of $47,000, and were depreciated using straight-line depreciation Complete the requirements below for New Morning Bakery Problem 7-8A Part 4 4. Record the sale of the ovens at the end of the second year (If no entry is required for a transaction/event, select "No Journal Entry Required" In the first account field.) 4. Record the sale of the ovens at the end of the second year. (If no entry is required for a transaction/event, select "No Jour Entry Required" In the first account field.) View transaction list Journal entry worksheet