Check my work For financial reporting, Clinton Poultry Farms has used the declining-balance method of depreciation for conveyor equipment acquired at the beginning of 2018 for $2,500,000. Its useful life was estimated to be five years, with a $190,000 residual value. At the beginning of 2021, Clinton decides to change to the straight-line method. The effect of this change on depreciation for each year is as follows: Year 2018 2019 2020 ($ in thousands) Straight Line Declining Balance $ 462 $1,000 462 600 462 360 $1,386 $1,960 Difference $ 538 138 (102) $ 574 Required: 2. Prepare any 2021 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. Enter your answers in whole dollars.) View transaction list Journal entry worksheet 1 > Record depreciation expense entry for 2021. Note: Enter debits before credits. Event General Journal Debit Credit 1 Record entry Clear entry View general journal