Required information [The following information applies to the questions displayed below.) Abbott Landscaping purchased a tractor at a cost of $35,000 and sold it three years later for $17.500. 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. quired: Record the sale. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account eld.) View transaction list Journal entry worksheet