Required information Problem 7-8A Record the disposal of equipment (L07-6) [The following information applies 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 $640,000. The ovens originally cost $844.000, had an estimated service life of 10 years, had an estimated residual value of $54.000, and were depreciated using straight-line depreciation Complete the requirements below for New Morning Bakery Problem 7-8A Part 4 Record the sale of the ovens at the end of the second year. (If no entry is required for a transaction/event, select "No Journal ntry Required" in the first account field.) View transaction list Journal entry worksheet