Sheridan Co$.$ uses straight$-$line depreciation. Sheridan Co$.$ purchased machinery that cost $$3250000$ on January $4,2019.$ The entire cost was recorded as an expense. The machinery has a $9-$year life and a $$225000$ residual value. The error was discovered on December $20,2021.$ Ignore income tax considerations.

Before the correction was made, and before the books were closed on$.$ December $31,2021,$ retained earnings was understated by

$$2213889.$

$$3250000.$

$$2577778.$

$$2527778.$

$$ Attempts: $0$ of $1$ used