Tamias Company purchased equipment that cost $839,000 on January 1, 2015. The entire cost was recorded as an expense. The equipment had a seven-year life and a $48,000 salvage value. Tamias uses the straight-line method to account for depreciation expense. The error was discovered on December 12, 2018. Tamias is subject to a 35% tax rate. By how much was Tamias' net income for the year ended December 31, 2015, understated? [4 points) A Before the correction was made and before the books were closed on December 31, 2018, by how much were retained earnings understated? [6 points] A/