complete the two journal entries

Brief Exercise 11-6 (Algo) Disposal of property, plant, and equipment [LO11-2] Funseth Farms incorporated purchased a tractor in 2021 at a cost of $52,800. The tractor was sold for $4,900 in 2024. Depreciation recorded through the disposal date totaled $45,000. (1) Prepare the journal entry to record the sale, (2) Now assume the tractor was sold for \$15,700; prepare the journal entry to record the sale. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field