Required Information Problem 7-8B Record the disposal of equipment (LO7-6) 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 $316,400. The ovens originally cost $422.000, had an estimated service life of 10 years, had an estimated residual value of $27,000, and were depreciated using straight-line depreciation. Complete the requirements below for New Dell. Problem 7-8B Part 1 Requlred: 1. Calculate the balance In the accumulated depreciation account at the end of the third year. Accumulated depreciation Requlred Information Problem 7-8B Record the disposal of equipment (LO7-6) 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 Siclly Pizza for $316,400. The ovens originally cost $422,000, had an estimated service life of 10 years, had an estimated residual value of $27,000, and were depreclated using stralght-line depreclation. Complete the requirements below for New Dell. Problem 7-8B Part 2 2. Calculate the book value of the ovens at the end of the third year. Book value Required Information Problem 7-8B Record the disposal of equipment (LO7-6) 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 Sicly Pizza for $316,400. The ovens originally cost $422.000, had an estimated service life of 10 years, had an estimated residual value of $27,000, and were depreclated using straight-line depreciation. Complete the requirements below for New Dell. Problem 7-8B Part 3 3. What Is the galn or loss on the sale of the ovens at the end of the third year? Problem 7-8B Part 4 4. Record the sale of the ovens at the end of the third year. (If no entry is required for a transaction/event, select "No Journel Entry Required" in the first account fleld.) View transaction list Journal entry worksheet 1 Record the dis posal of equipment. Note: Enter debits before credits. Debit Credit Transaction General Journal Record entry Clear entry View general jounal