On January $1,2022,$ Cullumber Corporation acquired machinery for $$1610000.$ Cullumber adopted the straight$-$line method of depreciation for this machine and had been recording depreciation over an estimated life of ten years, with no residual value. At the beginning of $2025,$ a decision was made to change to the double$-$declining balance method of depreciation for this machine.

Assuming a $20\%$ tax rate, the cumulative effect of this accounting change on beginning retained earnings, is

$$0.$

$$242144.$

$$302680.$

$$180320.$