The Canliss Milling Company purchased machinery on January 2, 2019, for $960,000. A five-year life was estimated and no residual value was anticipated. Canliss decided to use the straight-line depreciation method and recorded $192,000 in depreciation in 2019 and 2020. Early in 2021, the company changed its depreciation method to the sum-of-the-years'-digits (SYD) method. Required: 1. Will Canliss apply the SYD method retrospectively or apply the method prospectively? Canliss will apply the SYD method 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.)