5 Part 2012 Required information The following information applies to the questions displayed below) Abbott Landscaping purchased a tractor at a cost of $25,000 and sold it three years later for $13,400. Abbott recorded depreciation using the straight-line method, a five-year service life, and a $3,500 residual value. Tractors are included in the Equipment account, 0.62 points 2. Assume the tractor was sold for $8,800 instead of $13.400. Record the sale. (if no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) allo View transaction ist Journal entry worksheet 1 Berences Record the sale of equipment