During 2022 and 2023, 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 2024, 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 $17,200 with an estimated residual value of $1,200 and an estimated useful life of 10 years, the depreciation under different method is as follows:

Year	Straight-line	SYD	Difference
2022	$1,600	$2,909	$1,309
2023	1,600	2,618	1,018
	$3,200	$5,527	$2,327

Required:

1. Prepare the journal entry that Faulkner will record in 2024 related to the change.

2. Suppose instead that Faulkner previously used straight-line depreciation and changed to sum-of-the-years'-digits in 2024. Prepare the journal entry that Faulkner will record in 2024 related to the change.