Required information The following information applies to the questions displayed below.) Abbott Landscaping purchased a tractor at a cost of $44,000 and sold it three years later for $19,600. Abbott recorded depreciation using the straight-line method, a five-year service life, and a $1,500 residual value. Tractors are included in the Equipment account Required: 1. Record the sale. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) Record the sale of equipment. Note: Enter debits before credits. Transaction General Journal Debit Credit