For financial reporting, Clinton Poultry Farms has used the declining balance method of depreciation for conveyor equipment acquired at the beginning of 2018 for $2,750,000. Its useful life was estimated to be five years, with a $245,000 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: (5 in thousands) Year Straight line Declining Balance $501 31,100 660 (105) $2,503 32,156 5 653 2018 2019 2020 Difference 5599 159 501 S01 396 Required: 2. Prepare any 2021 journal entry related to the change. (If no entry is required for a transaction/event, select "No journal entry required" In the first account field. Enter your answers in whole dollars.) View transacbon list Journal entry worksheet Record depreciation expense entry for 2021. Note: Enter debits before credits Event General Journal Debit Record entry Clear entry View general journal