At Oriole Company, events and transactions during 2020 included the following. The tax rate for all items is 40%. (1) Depreciation for 2018 was found to be understated by $ 151000. (2) A strike by the employees of a supplier resulted in a loss of $ 125100. (3) The inventory at December 31, 2018 was overstated by $ 201000. The effect of these events and transactions on 2020 income from continuing operations net of tax would be

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At Oriole Company, events and transactions during 2020 included the following. The tax rate for all items is 40%.

(1) Depreciation for 2018 was found to be understated by $ 151000.
(2) A strike by the employees of a supplier resulted in a loss of $ 125100.
(3) The inventory at December 31, 2018 was overstated by $ 201000.

The effect of these events and transactions on 2020 income from continuing operations net of tax would be

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