Nash Construction Company, which began operations in $2025,$ changed from the cost$-$recovery to the percentage$-$of$-$completion

method of accounting for long$-$term construction contracts during $2026.$ For tax purposes, the company employs the cost$-$recovery

method and will continue this approach in the future. The appropriate information related to this change is as follows.

$($a$)$

Assuming that the tax rate is $20\%,$ what is the amount of net income that would be reported in $2026?$

Net income $