For financial reporting, Clinton Poultry Farms has used the declining-balance method of depreciation for conveyor equipment acquired at the beginning of 2018 for $2,832,000. Its useful life was estimated to be six years with a $228,000 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: Year 2018 2019 2020 Straight-Line $ 434 434 434 $1,302 ($ in thousands ) Declining Balance $ 944 629 420 $1,993 Difference $510 195 (14) $691 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.) No Event General Journal Debit Credit 1 1 204 X Depreciation expense Accumulated depreciation 204 X