Sicily Pizza purchased baking ovens from New World Deli. New World Deli was closing its bakery business and sold its three-year-old ovens for $ 341,000. In addition to the purchase price, Sicily Pizza paid shipping costs of $ 16,000. Employees of Sicily Pizza installed the ovens; labor costs were $ 17,000. An outside contractor performed some of the electrical work for $ 3,800. Sicily Pizza consumed pizza dough with a cost of $ 1,300 in testing the ovens. It then installed new timers on the ovens at a cost of $ 800 and placed the machines in operation.

Required:
1. Prepare a schedule showing the amount at which Sicily Pizza should record the ovens in the Equipment account.
2. Indicate where any amounts not included in the Equipment account should be recorded.