Funseth Farms Incorporated purchased a tractor in $2021$ at a cost of $$54,000.$ The tractor was sold for $$5,000$ in $2024.$ Depreciation recorded through the disposal date totaled $$46,000.$

$(1)$ Prepare the journal entry to record the sale. $(2)$ Now assume the tractor was sold for $$16,000$; 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.