Exercise 20-10 (Algo) Change in depreciation methods (LO20-3) For financial reporting, Clinton Poultry Farms has used the declining balance method of depreciation for conveyor equipment acquired at the beginning of 2018 for $2,720,000. Its useful life was estimated to be six years with a $200,000 residual value. At the beginning of 2021, Clinton decides to change to the straight-line method. The effect of this change on depreciation for each year is as follows: in thousands) Straight-Line Declining Balance Difference 2018 $ 906 $486 2019 2020 $1,260 $1,913 Year $ 420 420 420 604 403 184 (17) $653 Required: 2. Prepare any 2021 journal entry related to the change. (Enter your answers in dollars. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)