5 For financial reporting, Clinton Poultry Farms has used the declining-balance method of depreciation for conveyor equipment acquired at the beginning of 2018 for $2,720,000. Its useful life was estimated to be six years with a $200,000 residual value. At the beginning of 2021, Clinton decides to change to the straight-line method. The effect of this change on depreciation for each year is as follows: nts Year 2018 2019 Straight-Line $ 420 420 420 $1,260 ($ in thousands) Declining Balance $ 906 604 403 $1,913 Difference $486 184 (17) $653 2020 eBook Print Required: 2. Prepare any 2021 journal entry related to the change. (Enter your answers in dollars. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) References View transaction list Journal entry worksheet 1 Record the adjusting entry for depreciation in 2021. Note: Enter debits before credits. Event General Journal Debit Credit 1