In 2025, Sandhill Company discovered an error while preparing its financial statements. A building constructed at the beginning of 2024 costing $1299900 has not been depreciated. The estimated useful life of the building is 30 years with no salvage value. Straight- line depreciation is used. Sandhill 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 $400000. What would be the 2025 net income if depreciation had been recorded properly? $285336 $356670 $400000 $365336