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 $16,000 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 2019 2920 Straight Line $1,500 1,5ee $3,000 SYD $2,727 2,455 $ 5,182 Difference $1,227 955 $ 2,182 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. Journal entry worksheet