Problem 7-2A (Algo) Determine the acquisition cost of equipment (LO7-1) The Polish Keilbasa Company 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 $687,000. The Polish Keilbasa Company incurred and paid freight costs of $28,500, and its employees ran special electrical connections to the ovens at a cost of $3,700. Labor costs were $31,300. Unfortunately, one of the ovens was damaged during installation, and repairs cost $3,700. The Polish Keilbasa Company 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 The Polish Keilbasa Company's Equipment account. 2. Indicate where any amounts not included in the Equipment account should be recorded. Complete this question by entering your answers in the tabs below. Complete the following schedule to show the amount at which the ovens should be recorded in The Polish Keilbasa Company's Equipment account. Problem 7-2A (Algo) Determine the acquisition cost of equipment (LO7-1) The Polish Keilbasa Company 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 $687,000. The Polish Keilbasa Company incurred and paid freight costs of $28,500, and its employees ran special electrical connections to the ovens at a cost of $3,700. Labor costs were $31,300. Unfortunately, one of the ovens was damaged during installation, and repairs cost $3,700. The Polish Keilbasa Company 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 The Polish Keilbasa Company's Equipment account. 2. Indicate where any amounts not included in the Equipment account should be recorded. Complete this question by entering your answers in the tabs below. Indicate where any amounts not included in the Equipment account should be recorded