Freeman Landscaping purchased a tractor at a cost of $$44,000$ and sold it three years later for $$19,600.$ Freeman recorded depreciation using the straight$-$line method, a five$-$year service life, and a $$1,500$ residual value. Tractors are included in the Equipment account.

$2.$ Assume the tractor was sold for $$15,400$ instead of $$19,600.$ Record the sale. $($If no entry is required for a particular transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$ Journal entry worksheet

Record the sale of tractor.

Note: Enter debits before credits.