For financial reporting, Clinton Poultry Farms has used the declining$-$balance method of depreciation for conveyor equipment acquired at the beginning of $2021$ for $$2,750,000.$ Its useful life was estimated to be five years, with a $$165,000$ residual value. At the beginning of $2024,$ Clinton decides to change to the straight$-$line method. The effect of this change on depreciation for each year is as follows:

$($$ in thousands$)$

Year Straight Line Declining Balance Difference

$2021$ $ $517$ $ $1,100$ $ $583$

$2022517660143$

$2023517396(121)$

$ $1,551$ $ $2,156$ $ $605$

Required:

$2.$ Prepare any $2024$ journal entry related to the change. Record depreciation expense for $2024.$

Note: Enter debits before credits.