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 $699,000. Great Harvest incurred and paid freight costs of $34,500, and its employees ran special electrical connections to the ovens at a cost of $4,900. Labor costs were $37,300. Unfortunately, one of the ovens was damaged during installation, and repairs cost $4,900. Great Harvest then consumed $890 of bread dough in testing the ovens. It installed safety guards on the ovens at a cost of $1,490 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 $ 0 2. Indicate where any amounts not included in the Equipment account should be recorded.