Tracy Ltd. purchased a piece of equipment on January 1, 2016, for $1.245,000. At that time, it was estimated that the machine would have a 15-year life and no residual value. On December 31, 2020, Tracy's controller found that the entry for depreciation expense was omitted in error in 2017. In addition, Tracy planned to switch to double-declining balance depreciation because of a change in the pattern of benefits received, starting with the year 2020. Tracy currently uses the straight-line method for depreciating equipment. Prepare the general journal entries, if any, the accountant should make at December 31, 2020. (Ignore tax effects.) (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Round the rate of deprecition under double decling balance method to 5 decimal places, ie. 13.33333%. Round answers to decimal places, e.g. 5,125.) Date Account Titles and Explanation Debit Credit Dec. 31, 2020 (To correct for the omission of depreciation expense in 2017.) Dec. 31, 2020 (To adjust for change in depreciation method.) Dec. 31, 2020 (To record depreciation expense.) Prepare the general journal entries, if any, the accountant should make at December 31, 2020. Factor in tax effects. The company has a 25% tax rate for 2016 to 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Round the rate of deprecition under double decling balance method to 5 decimal places, ie. 13.33333%. Round answers to decimal places, e.g. 5,125.) Debit Credit Date Account Titles and Explanation Dec. 31, 2020 (To correct for the omission of depreciation expense in 2017.) Dec. 31, 2020 (To adjust for change in depreciation method.) Dec. 31, 2020 (To record adjusting entry for depreciation.)