Required information Exercise 7-17 (Algo) Record the sale of equipment (LO7-6) [The following information applies to the questions displayed below] Greenscape Landscaping purchased a tractor at a cost of $38,000 and sold it three years later for $19,300. Greenscape recorded depreciation using the straight-line method, a five-year service life, and a $2,500 residual value. Tractors are included in the Equipment account. Exercise 7-17 (Algo) Part 2 2. Assume the tractor was sold for $12,100 instead of $19,300. Record the sale. (If no entry is required for a particuiar ransaction/event, select "No Journal Entry Required" in the first account field.)