Required information [The following information applies to the questions displayed below.] East Mill Pizzeria is closing its business. It sold its two-year-old pizza ovens to Marco's Italian Restaurant for $560,000. Originally, East Mill acquired the pizza ovens at a cost of $756,000. The ovens had an estimated useful life of 10 years, an estimated residual value of $46,000, and were depreciated using straight-line depreciation. Complete the requirements below for East Mill Pizzeria. 2. Calculate the book value of the ovens at the end of the second year. Book value