For financial reporting, Clinton Poultry Farms has used the declining-balance method of depreciation for conveyor equipment acquired at the beginning of 2018 for $2,750,000. Its useful life was estimated to be five years, with a $245,000 residual value. At the beginning of 2021, Clinton decides to change to the straight-line method. The effect of this change on depreciation for each year is as follows: Year 2018 2019 2020 ($ in thousands) Straight Line Declining Balance $ 501 $1,100 501 660 501 396 $1,503 $2,156 Difference $ 599 159 (105) $ 653 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.) View transaction list Journal entry worksheet Record depreciation expense entry for 2021. Note: Enter debits before credits. Event General Journal Debit Credit 1 Depreciation expense Accumulated depreciation Record entry Clear entry View general journal