On January 1, 2017, XYZ Company purchased a new machine for $175,000. The machine was assigned a $25,000 residual value and a 10-year life. The machine was to be depreciated using the straight-line method, however, the company accountant incorrectly used the double-declining balance method in determining depreciation on the machine. Assume the error is not discovered. Calculate the amount that the total assets in the December 31, 2019 balance sheet would be understated by due to this error. Do not use decimals in your