Inland company purchased equipment that cost $2730000 on January 1, 2023. The entire cost was recorded as an expense. The equipment had a 9-year life and a $109200 residual value. Sunland uses the straight-method to account for depreciation expense. The error was discovered on December 10, 2025. Sunland is subject to a 20% tax rate. 

Sunland's net income for the year ended December 31, 2023, was understated by?