Greenscape Landscaping purchased a tractor at a cost of $32,000 and sold it three years later for $16,000. Greenscape accounted for 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. Determine the financial statement effects of the sale of the tractor. 2. Assume the tractor was sold for $10,000 instead of $16,000. Determine the financial statement effects of the sale. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the financial statement effects of the sale of the tractor. Note: Amounts to be deducted should be indicated by a minus sign. Balance Sheet Assets Liabilities Stockholders' Equity Common Retained Stock Earnings < Required 1 Revenues Required 2 > Income Statement Expenses Net Income Complete this question by entering your answers in the tabs below. Required 1 Required 2 Assume the tractor was sold for $10,000 instead of $16,000. Determine the financial statement effects of the sale. Note: Amounts to be deducted should be indicated by a minus sign. Assets Balance Sheet Liabilities Stockholders' Equity Common Stock Retained Earnings < Required 1 Revenues Required 2 > Income Statement Expenses Net Income