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Exercise 7-17 (Algo) Record the sale of equipment (LO7-6) [The following information applies to the questions displayed below] Faucet Landscaping purchased a tractor at a cost of $43,000 and sold it three years later for $20,000. Faucet recorded depreciation using the straight-line method, a five-year service life, and a $3,000 residual value. Tractors are included in the Equipment account xercise 7-17 (Algo) Part 2 Assume the tractor was sold for $16,000 instead of $20,000. Record the sale. (If no entry is required for a particular ansaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet