Problem 7-2A Determine the acquisition cost of equipment (L07-1) 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 $682.000. Great Harvest incurred and paid freight costs of $26,000, and its employees ran special electrical connections to the ovens at a cost of $3,200. Labor costs were $28.800. Unfortunately, one of the ovens was damaged during installation, and repairs cost $3,200. Great Harvest then consumed $880 of bread dough in testing the ovens. It installed safety guards on the ovens at a cost of $1,480 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