Check my work or financial reporting, Clinton Poultry Farms has used the declining-balance method of depreciation for conveyor quipment acquired at the beginning of 2018 for $2,640,000. Its useful life was estimated to be six years with a 80,000 residual value. At the beginning of 2021, Clinton decides to change to the straight-line method. The effect this change on depreciation for each year is as follows: Year Straight-Line 2018 $ 410 2019 2020 410 410 $1,230 (5 in thousands) Declining Balance $ 880 586 Difference $470 176 391 $1,857 (19) $627 equired: Prepare any 2021 journal entry related to the change. (Enter your answers in dollars. If no entry is required for a ansaction/event, select "No journal entry required" in the first account field.) View transaction list