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Current Attempt in Progress Crane Co . purchased machinery that cost $ 2 9 5 0 0 0 0 on January 4 , 2 0

Current Attempt in Progress
Crane Co. purchased machinery that cost $2950000 on January 4,2022. The entire cost was recorded as an expense. The machinery
has a 9-year life and a $195000 residual value. The error was discovered on December 20,2024. Ignore income tax considerations.
Crane's income statement for the year ended December 31,2024, should show the cumulative effect of this error in the amount of
$2037222.
$2337778.
$2294444.
$0.
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