BlossomCo. purchased machinery that cost $2900000on January 4, 2016. The entire cost was recorded as an expense. The machinery has a9-year life and a $190000residual value. The error was discovered on December 20, 2018. Ignore income tax considerations.

Blossom's income statement for the year ended December 31, 2018, should show the cumulative effect of this error in the amount of