Required information [The following information applies to the questions displayed belowi] New Morning Bakery is in the process of ciosing its operationis. It sold its two-year-old bakery ovens to Great Harvest Bakery for $560,000. The ovens originally cost $756,000, had an estimated service life of 10 years, had an estimated residual value of $46,000, and were depreciated using straight-fine depreciation. Complete the requirements below fo New Morning Bakery Required: 1. Calculate the baiance in the occumulated depreciation account at the end of the second year: [The following information applies to the questions displayed below] New Morning Bakery is in the process of closing its operatiens. It sold its two-year-old bakery ovens to Great Har Bakery for $560.000. The ovens originally cost $756,000, had an estimated service life of 10 years, had an estima residuat value of $46,000, and were depreciated using straight-line depreciation. Complete the requirements belc New Moming Bakery. 2. Colculate the book value of the ovens at the end of the second year