For financial reporting, Clinton Poultry Farms has used the declining balance method of depreciation for conveyor equipment acquired at the beginning of 2018 for $2,816,000. Its useful life was estimated to be six years with a $224,000 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 $ 432 $938 $506 432 626 194 432 417 (15) $1,296 $1,981 3685 Year 2018 2019 2020 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) View transaction list Journal entry worksheet 1 Record the adjusting entry for depreciation in 2021