Required information The following information applies to the questions displayed below.) Abbott Landscaping purchased a tractor at a cost of $29,000 and sold it three years later for $15,700. Abbott recorded depreciation using the straight-line method, a five-year service life, and a $4,000 residual value. Tractors are included in the Equipment account. 214 21 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.) eBook View transaction list View journal entry worksheet No Transaction Debit Credit General Journal Cash Accumulated Depreciation Equipment 15.700 5,000 20.700 Required information (The following information applies to the questions displayed below.) New Morning Bakery is in the process of closing its operations. It sold its two-year-old bakery ovens to G Bakery for $690,000. The ovens originally cost $899,000, had an estimated service life of 10 years, had an estimated residual value of $59,000, and were depreciated using straight-line depreciation. Complete the requirements below for New Morning Bakery Required: 1. Calculate the balance in the accumulated depreciation account at the end of the second year Accumulated depreciation