Pharoah Company purchased equipment that cost $$2640000$ on January $1,2023,$ The entire cost was recorded as an expense. The equipment had a $9-$year life and a $$105600$ residual value. Pharoah uses the straight$-$line method to account for depreciation expense. The error was discovered on December $10,2025.$ Pharoah is subject to a $20\%$ tax rate. Pharoah's net income for the year ended December $31,2023$ was understate by