Suawberry Fields purchased a tractor at a cost of $36.000 and sold it two years later for $23, 200 Strawberry Fields 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? on sale 2. Record the sale. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction lit Journal entry worksheet Record the sale. Noter Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal