For financial reporting, Clinton Poultry Farms has used the declining-balance method of depreciation for conveyor equipment acquired at the beginning of 2018 for $2,672,000. Its useful life was estimated to be six years with a $188,000 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: Straight-Line $ 414 Year 2018 2019 2020 ($ in thousands) Declining Balance $ 890 594 414 396 414 $1,242 $476 180 (18) $638 $1,880 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