For financial reporting, Clinton Poultry Farms has used the declining-balance method of depreciation for conveyor equipment acquired at the beginning of 2018 for $2,864,000. Its useful life was estimated to be six years with a $236,000 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 $ 438 438 Difference $516 ($ in thousands) Declining Balance $ 954 636 425 $2,015 198 438 (13) $1,314 $701 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.) View transaction list Journal entry worksheet Record the adjusting entry for depreciation in 2021. Note: Enter debits before credits. Event General Journal Debit Credit