Strawberry Fields purchased a tractor at a cost of $37,000 and sold it two years later for $23,900. Strawberry Helds recorded depreciation using the straight-line method, a five-year service life, and an $7,000 residual value. 1. What was the gain or loss on the sale? 2. Record the sale. Complete this question by entering your answers in the tabs below. Required 1 Required 2 What was the gain or loss on the sale? on sale < Required 1 Required 2 >