$(1)$ Effective January $1,2024,$ the company changed its estimates used in calculating depreciation for its plant in Suffolk. The plant cost $$2,550,000$ on January $1,2014,$ and has been depreciated on a straight$-$line basis assuming a useful life of $50$ years and a salvage value of $$150,000.$ New evidence indicates that the salvage value will be no more than $$110,000$ and its useful life will be no more than $45$ years.

$(2)$ The physical inventory count on December $31,2022,$ improperly missed $($understated$)$ merchandise costing $$80,000$ that had been temporarily stored in a public warehouse. Suffolk Energy uses a periodic inventory system.

$(3)$ In early $2024,$ Suffolk Energy's internal auditors discovered the correct balance of interest payable by December $31,2023,$ should be $$34,000.$ Suffolk Energy incorrectly recorded $$43,000$ in its $2023$ financial statements. Accordingly, interest expense was also incorrectly recorded as $$43,000.$