Lugar Company purchased a piece of machinery for $300,000 on January 1, 2017, and has been depreciating the machine using the sum-of-the-years'-digits method based on a five-year estimated useful life and no salvage value. On January 1, 2020, Lugar decided to switch to the straight-line method of depreciation. The salvage value is still zero and the estimated useful life is changed to a total of eight years from the date of purchase. Ignore income taxes.

(1) Prepare the appropriate journal entry, if any, to record the accounting change

(2) Prepare the journal entry to record depreciation for 2020.