The following information applies to the questions displayed below) New Morning Bakery is in the process of dosing its operations. It sold its two-year old bakery ovens to Great Harvest Bakery for $700,000. The ovens originally cost $910,000 had an estimated service life of 10 years, and an estimated residual value of $60,000. New Morning Bakery uses the straight line depreciation method for all equipment 176 points Required: 1. Calculate the balance in the accumulated depreciation account at the end of the second year. Abouw d depreciation Check my work value: 1.76 points 2. Calculate the book value of the ovens at the end of the second year. Book value References eBook & Resources Worksheet Difficulty: 3 Hard Check my work value: 1.76 points 3. What is the gain or loss on the sale of the ovens at the end of the second year? References eBook & Resources Worksheet Difficulty: 3 Hard Learning Objectiu