Required information The following information applies to the questions displayed below.) Part 1 of 2 Abbott Landscaping purchased a tractor at a cost of $34,000 and sold it three years later for $16,700. 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 points ebook Required: 1. Record the sale. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in ti first account field.) Pariola 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.) points View transaction list View journal entry worksheet e No Transaction Credit Debit 16.700 General Journal Cash Accumulated Depreciation Equipment Gain 34,000 Required information The following information applies to the questions displayed below. Part 2 of 2 Abbott Landscaping purchased a tractor at a cost of $34,000 and sold it three years later for $16,700. 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. points Book 2. Assume the tractor was sold for $10,300 instead of $16,700. Record the sale. (If no entry is required for a particula transaction/event, select "No Journal Entry Required in the first account field.) Hint points View transaction list View journal entry worksheet No Transaction General Journal Debit Credit eBook Cash Accumulated Depreciation References LOSS Equipment