Sive 2 3.33 points During 2019 and 2020. Faulkner Manufacturing used the sum of the years digits (SYD) method of depreciation for its depreciable assets, for both financial reporting and tax purposes. At the beginning of 2021 Faulkner decided to change to the straight-line method for both financial reporting and tax purposes. A tax rate of 25% is in effect for all years For an asset that cost $24.000 with an estimated resident value of Sto0o and an estimated useful life of 10 years, the depreciation under different methods is as follows: Year Steht Live sro Difference $2,300 54.100 31.52 2030 2.100 3,164 1,464 $4,600 57,046 53,6 co 2019 Required: 1. Prepare the journal entry that Faulkner will record in 2021 related to the change. 2. Suppose instead that Faulkner previously used straight line depreciation and changed to sum of the years.digits in 2012. Prepare the journal entry that Faulkner will record in 2021 related to the change Complete this question by entering your answers in the tabs below. Recured Required 2 Prepare the journal entry that Faulkner will record in 2021 related to the changeif not required for street malontry required in the first account field Round your final answers to nearest who de