During 2019 and 2020. 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 2021, Faulkner decided to change to the straight line method for both financial reporting and tax purposes. A tax rate of 25% is in effect for all years For an asset that cost $29,200 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 2019 $2,800 2020 2,800 $5,600 SYD $5,091 4,582 $9,673 Difference $2,291 1,782 $4,073 Required: 1. Prepare the journal entry that Faulkner will record in 2021 related to the change, 2. Suppose instead that Faulkner previously used straight-line depreciation and changed to sum-of-the-years-digits in 2021 Prepare the journal entry that Faulkner will record in 2021 related to the change