During 2011 and 2012, Faulkner Manufacturing used the sum-of-the-years-digits (SYD) method of depreciation for its depreciable assets, for both financial reporting and tax purposes. At the beginning of 2013, Faulkner decided to change to the straight-line method for both financial reporting and tax purposes. A tax rate of 40% is in effect for all years. For an asset that cost $21,000 with an estimated residual value of $1,000 and an estimated useful life of 10 years, the depreciation under different methods is as follows: Year Straight Line SYD Difference 2011 $2,000 $3,636 $1,636 2012 2,000 3,273 1,273 $4,000 $6,909 $2,909 1.Prepare the journal entry that Faulkner will record in 2013 related to the change. (If no entry is required for a particular event, select "No journal entry required" in the first account field.) 2.Suppose instead that Faulkner previously used straight-line depreciation and changed to sum-of-the-years- digits in 2013. Prepare the journal entry that Faulkner will record in 2013 related to the change.(If no entry is required for a particular event, select "No journal entry required" in the first account field.)