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A company purchased machinery on January 2 , Year 1, for \\( \\$ 820,000 \\). A five-year life was estimated and no residual value was anticipated. The company decided to use the straight-line depreciation method and recorded \\( \\$ 164,000 \\) in depreciation in Year 1 and Year 2 . Early in Year 3, the company changed its depreciation method to the sum-of-the-years'-digits (SYD) method Required: 1. Will the company apply the SYD method retrospectively or apply the method prospectively? 2. Prepare any Year 3 journal entry related to the change. Complete this question by entering your answers in the tabs below. Prepare any Year 3 journal entry related to the change. Note: If no entry is required for a transaction/event, select \"No joursal entry required\" in the first account field. Journal entry worksheet Journal entry worksheet Record the adjusting entry for depreciation in Year 3. Note: Enter debits before credits. Nill the company apply the SYD method retrospectively or apply the method prospectively