New Morning Bakery is in the process of closing its operations. It sold its two-year-old bakery ovens to Great Harvest Bakery for $680,000. The ovens originally cost $888,000, had an estimated service life of 10 years, had an estimated residual value of $58,000, and were depreciated using straight-line depreciation. Complete the requirements below for New Morning Bakery.

4. Determine the financial statement effects of the sale of the ovens at the end of the second year. please determine the financial statement in the form of a balance sheet/income statement basically how would I put the numbers into a financial statement

accumulated depreciation -83,000

book value-805,000

loss on sale-125,000