Rouge Company's $$264,000$ net Income for the quarter ended September $30$ included the following after$-$tax Items:

A $$23,500$ cumulative effect loss resulting from a change in Inventory valuation method made on September $1.$

$$0$ of the $$74,000$ annual property taxes pald on February $1.$

For the quarter ended September $30,$ the amount of net Income that Rouge should report is

Multiple Choice

$$245,500.$

$$264,000.$

$$287,500.$

$$269\mathrm{.}000.$