Exercise 20-10 Change in depreciation methods [LO 20-3] For financial reporting, Clinton Poultry Farms has used the declining-balance method of depreciation for conveyor equipment acquired at the beginning of 2015 for $2,736,000. Its useful life was estimated to be six years with a $204,000 residual value. At the beginning of 2018, Clinton decides to change to the straight-line method. The effect of this change on depreciation for each year is as follows ($ in 000s): Year 2015 2016 2017 Straight-Line $ 422 422 422 $1,266 Declining Balance $ 912 608 405 $1,925 Difference $490 186 (17) $659 Required: 2. Prepare any 2018 journal entry related to the change. (Enter your answers in dollars rounded to the nearest thousand. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the adjusting entry for depreciation in 2018. Note: Enter debits before credits. Event General Journal Debit Credit 1