Required Information Problem 7-8A (Algo) Record the disposal of equipment (LO7-6) [The following information appites to the questions displayed below.] New Morning Bakery is in the process of closing its operations. It sold its two-year-old bakery ovens to Great Harvest Bakery for $560,000. The ovens originally cost $756,000, had an estimated service life of 10 years, had an estimated residual value of $46,000, and were depreciated using straight-ine depreciation. Complete the requirements below for New Morning Bakery. Problem 7-8A (Algo) Part 1 Required: 1. Calculate the baiance in the accumulated depreciation account at the end of the second year