For financial reporting, Clinton Poultry Farms has used the declining-balance method of depreciation for conveyor equipment acquired at the beginning of 2018 for $2,720,000. Its useful life was estimated to be six years with a $200,000 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:

Year Straight-Line Declining Balance Difference
2018 $400 $853 $453
2019 400 569 169
2020 400 379 (21)
$1,200 $1,801 $601

Required:
Prepare any 2021 journal entry related to the change. (If no entry is required for a particular event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.)