For financial reporting, Clinton Poultry Farms has used the declining-balance method of depreciation for conveyor equipment acquired at the beginning of 2015 for $2,720,000. Its useful life was estimated to be six years with a $200,000 residual value. At the beginning of 2018, Clinton decides to change to the straight-line method. The effect of this change on depreciation for each year is as follows ($ in 000s):

Year Straight-Line Declining BalanceDifference

2015 $420 $ 906 $486

2016 420 604 184

2017 420 403 (17)

$1,260 $1,913 $653

Required:

2.2018 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