Colorado Consulting Company has been using the sum-of-the-years-digits depreciation method to depreciate some office equipment that was acquired at the beginning of 2016. At the beginning of 2018, Colorado Consulting decided to change to the straight-line method. The equipment cost $120,000 and is expected to have no salvage value. The estimated useful life of the equipment is five years. Ignore income taxes. Required: 1. Prepare the appropriate journal entry, if any, to record the accounting change under GAAP 2. Prepare the journal entry to record depreciation for 2018. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the appropriate journal entry, if any, to record the accounting change under GAAP. (If no transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the accounting change