For financial reporting, Clinton Poultry Farms has used the declining-balance method of depreciation for conveyor equipment acquired at the beginning of 2018 for $2,880,000. Its useful life was estimated to be six years with a $240,000 residual value. At the beginning of 2021, Clinton decides to change to the straight-line method. The effect of this change on depreciation for each year is as follows: ($ in thousands) Year Straight-Line Declining Balance Difference 2018 $ 440 $ 960 $ 520 2019 440 640 200 2020 440 427 (13 ) $ 1,320 $ 2,027 $ 707 Required: 2. Prepare any 2021 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.)