Required information Problem 7-8B (Algo) Record the disposal of equipment (LO7-6) [The following information applies to the questions displayed below] New Deli is in the process of closing its operations. it sold its three-year-old ovens to Sicily Pizza for $283,600. The ovens onginally cost $378,000, had an estumated service ilfe of 10 years, had an estimated residual value of $23,000, and were depreciated using straight-ine depreciation. Complete the requirements below for New Dell. Problem 7.8B (Algo) Part 1 Required: 1. Calculate the balance in the Accumulated Depreciatuon account at the end of the third year. Required information Problem 7-8B (Algo) Record the disposal of equipment (LO7-6) [The following information applies to the questions displayed below] New Deli is in the process of closing its operations. It sold its three-year-old ovens to Siclly Pizza for $283,600. The ovens onginally cost $378,000, had an estumated service life of 10 years, had an estimated residual value of $23,000, and were depreciated using straight-ine depreciation. Complete the requirements below for New Dell. Problem 7-8B (Algo) Part 2 2 Calculate the book value of the ovens at the end of the third year. Requlred Information Problem 7.8B (Algo) Record the disposal of equipment (LO7.6) [The following information applies fo the questions displayed below) New Delt is in the process of closang its operations. It sold is tiree-year-old ovens to Sicily Pizza for $283600. The ovens onginally cost $378.000, had an estimated service life of 10 years, had an estumated residual value of $23,000, and were. depreciated using straight tine depreciation. Comptete the requirements below for New Det. Problem 7-8B (Algo) Part 3 3. What is the gatin or loss on the sale of the ovens at the end of the third year