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! Required information [The following information applies to the questions displayed below.) Abbott Landscaping purchased a tractor at a cost of $36,000 and sold it three years later for $18,000. Abbott recorded depreciation using the straight-line method, a five-year service life, and a $2,000 residual value. Tractors are included in the Equipment account 2. Assume the tractor was sold for $11,200 instead of $18,000. Record the sale. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Answer is not complete. No Transaction General Journal Credit 1 1 O Cash Accumulated Depreciation LOSS Equipment Debit 11,200 20,400 4,400 36,000