During 2014 and 2015, 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 2016, 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 $26,200 with an estimated residual value of $1,200 and an estimated useful life of 10 years, the depreciation under different methods is as follows:

Year	Straight Line		SYD		Difference
2014	$2,500		$4,545		$2,045
2015	2,500		4,091		1,591
	$5,000		$8,636		$3,636

Required:

1.	Prepare the journal entry that Faulkner will record in 2016 related to the change