Sheridan Company purchased land and a building on January 1, 2022. Management's best estimate of the value of the land was $92,000 and of the building $184,000. However, management told the accounting department to record the land at $202,400 and the building at $73,600. The building is being depreciated on a straight-line basis over 15 years with no salvage value.
Calculate the annual change in net income