Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate complem For financial reporting. Clinton Poultry Farms has used the declining-balance method of depreciation for conveyor equipment acquired at the beginning of 2018 for $3,000,000. Its useful life was estimated to be five years, with a $215,000 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: (5 in thousands) Year Straight Line Declining Balance Difference 2018 $ 557 $1,200 $ 643 557 720 163 2920 557 (125) $1,671 $2,352 $ 681 2019 432 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.) No Event Answer is complete but not entirely correct. General Journal Depreciation expense Accumulated depreciation Credit Debit 124 1 1 124