Test 3 Chs 2,37 Saved Help Save & Exit 14 Lincoln Financial Field ("The Line") purchased a lawn mower at a cost of $38,000 and sold it two years later for $27,400. The Linc recorded depreciation using the straight-line method, a five-year service life, and an $8,000 residual value. 1. What was the gain or loss on the sale? on sale 5 points 00:53:03 2. Record the sale. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) Test 3. Chs 2,37 Help Save & Exit Submit 14 2. Record the sale. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) 5 points View transaction list 00:52:40 Journal entry worksheet Record the sale, Noterdetes before credits Transaction General Journal Debit Credit Me w