Required information Problem 7-8B Record the disposal of equipment (L07-6) (The following information applies to the questions displayed below.) New Dell is in the process of closing its operations. It sold its three-year-old ovens to Sicily Pizza for $275,400. The ovens originally cost $367,000, had an estimated service life of 10 years, had an estimated residual value of $22,000, and were depreciated using straight-line depreciation. Complete the requirements below for New Deli. Problem 7-8B Part 3 3. What is the gain or loss on the sale of the ovens at the end of the third year