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 $$700,000.$ Great Harvest incurred and paid freight costs of $$35,000,$ and its employees ran special electrical connections to the ovens at a cost of $$5,000.$ Labor costs were $$37,800.$ Unfortunately, one of the ovens was damaged during installation, and repairs cost $$4,000.$ Great Harvest then consumed $$900$ of bread dough in testing the ovens. It installed safety guards on the ovens at a cost of $$1,500$ 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.

$2.$ Indicate where any amounts not included in the Equipment account should be recorded.