3 3. value: 2.00 points 200 points Exercise 20-10 Change in depreciation methods [LO20-3] For financial reporting, Clinton Poultry Farms has used the declining-balance method of depreciation for conveyor equipment acquired at the beginning of 2013 for $2,768,000. Its useful life was estimated to be six years with a $212,000 residual value. At the beginning of 2016, Clinton decides to change to the straight- line method. The effect of this change on depreciation for each year is as follows ($ in 000s): Year 2013 2014 2015 Straight-Line $ 426 426 426 Declining Balance $ 922 615 410 Difference $496 189 (16) $1,278 $1,947 $669 Required: 2. Prepare any 2016 journal entry related to the change. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list 1 Record the adjusting entry for depreciation in 2016