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During 2019 and 2020, Faulkner Manufacturing used the sum-ofthe-years'oigits {SYD} method of depreciation for its depreciable assets, for both nancial reporting and tax purposes. At the beginning of 2021, Faulkner decided to change to the straightline method for both nancial reporting and tax purposes. A tax rate of 25% is in effect for all years. For an asset that cost $15,100 with an estimated residual value of $1,100 and an estimated useful life of 10 years, the depreciation under different methods is as follows: Year Straight Line STD Difference 2919 $1, 403 3.2 J 545 $1J 145 2628 1,408 2,291 391 $2,860 $4,835 $2,035 Required: 1. Prepare thejournal entry that Faulkner will record in 2021 related to the change. 2. Suppose instead that Faulkner previously used straightline depreciation and changed to sumoftheyears' digits in 2021. Prepare the joumal entry that Faulkner will record in 2021 related to the change.