Required information [The following information applies to the questions displayed below) New Morning Bakery is in the process of closing its operations on December 31, 2021. On this date, it sold its two-year-old bakery ovens to Great Harvest Bakery for $700,000. The ovens originally cost $910,000 on January 1, 2020, had an estimated service life of 10 years, had an estimated residual value of $60,000, and were depreciated using straight-line depreciation. Complete the requirements below for New Morning Bakery. Required information Journal entry worksheet