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Great Harvest Bakery purchased bread ovens from New Morning Bakery, New Morning Bakery was closing its bakery business and sold its two-year-old ovens at a

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Great Harvest Bakery purchased bread ovens from New Morning Bakery, New Morning Bakery was closing its bakery business and sold its two-year-old ovens at a discount for $693,000. Great Harvest incurred and paid freight costs of $31,500, and its employees ran special electrical connections to the ovens at a cost of $4,300. Labor costs were $34,300. Unfortunately, one of the ovens was damaged during installation, and repairs cost $4,300. Great Harvest then consumed $830 of bread dough in testing the ovens. It installed safety guards on the ovens at a cost of $1,430 and placed the machines in operation. Required: 1. Complete the following schedule to show the amount at which the ovens should be recorded in Great Harvest's Equipment account. Total equipment $ 2. Indicate where any amounts not included in the Equipment account should be recorded

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