On January 1, 2019, James Co. purchased a truck at a cost of $50,000 (no estimated residual value, estimated useful life 8 years, straight line depreciation is used). An error was made because the total cost amount was debited to a truck expense account for 2019 and no depreciation on it was recorded. Pretax income for 2019 was $42,000. The correct pretax income for 2019 should have been:On January 1, 2019, James Co. purchased a truck at a cost of $50,000 (no estimated residual value, estimated useful life 8 years, straight line depreciation is used). An error was made because the total cost amount was debited to a truck expense account for 2019 and no depreciation on it was recorded. Pretax income for 2019 was $42,000. The correct pretax income for 2019 should have been: