Abbott Landscaping purchased a tractor at a cost of $36,000 and sold it three years later for $18,000. Abbott recorded depreciation using the straight-line method, a five-year service life, and a $2,000 residual value. Tractors are included in the Equipment account. References Section Break Exercise 7-17 Record the sale of equijpment (LO7-6) 10. Required information 5.00 points Exercise 7-17 Part 1 Required: 1. Record the sale. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the sale of equipment Note: Enter debits before credits. Debit Credit