Strawberry Fields purchased a tractor at a cost of $39,000 and sold it two years later for $25, 100. Strawberry Fields recorded depreciation using the straight-line method, a five-year service life, and an $6,000 residual value. 1. What was the gain or loss on the sale? 2. Record the sale. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)