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.

Required:

1. Record the sale. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)