Strawberry Fields purchased a tractor at a cost of $38.000 and sold it two years later for $25,700. Strawberry Fields recorded depreciation using the straight-line method, a five-year service life, and an $9,000 residual value: 1. What was the gain or loss on the sale? on sale 2. Record the sale of no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account Prev 1 of 18 Next > $ # 3 % 5 & 7 4 6 8 0