Javin Forms purchased three new tractors for $25,000 each and paid cash. Javin expects the tractors to have a useful life of 6 years and a residual value of $5,000. One of the tractors has not performed as expected, so Javin sold the tractor after 2 years for $18,000. Javin sold the remaining tractors for $5,000 at the end of the 6 years Javin uses group depreciation (as a percentage rounded to two decimal places) on a straight line basis Required: 2. Prepare the journal entry for the purchase. b. Prepare the journal entry for the first and second year depreciation c. Record the journal entry for the disposal of the tractor. d. Record the jouma entry for the third year's depreciation