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New Morning Bakery is in the process of closing its operations. It sold its two$-$year$-$old bakery ovens to Great Harvest

Bakery for $$630,000.$ The ovens originally cost $$833,000,$ had an estimated service life of $10$ years, had an estimated

residual value of $$53,000,$ and were depreciated using straight$-$line depreciation. Complete the requirements below for

New Morning Bakery.

What is the gain or loss on the sale of the ovens at the end of the second year?