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In 2 0 2 5 , Wildhorse Company discovered an error while preparing its financial statements. A building constructed at the beginning of 2 0

In 2025, Wildhorse Company discovered an error while preparing its financial statements. A building constructed at the beginning of 2024 costing $1310100 has not been depreciated. The estimated useful life of the building is 30 years with no salvage value. Straight-line depreciation is used. Wildhorse also used straight-line depreciation for tax purposes and properly included depreciation on its tax return. Income tax payable was also reported correctly at a tax rate of 20%. Income before tax and depreciation expenses in 2025 was $410000.

What would be the 2025 net income if depreciation had been recorded properly?
 

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