For financial reporting, Clinton Poultry Farms has used the declining-balance method of depreciation for conveyor equipment acquired at the beginning of 2018 for $2,000,000. Its useful life was estimated to be five years, with a $200,000 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		$	360			$	800			$	440
2019			360				480				120
2020			360				288				(72)
		$	1,080			$	1,568			$	488

Required: 2. Prepare any 2021 journal entry related to the change. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.)