1: At Branden Company, events and transactions during 2020 included the following. The tax rate for all items is 25%. (1) An insurance settlement on a condemned building resulted in a gain of $51,000. (2) Depreciation for 2018 was found to be overstated by $87,000. (3) The inventory at December 31, 2018 was overstated by $81,000. The effect of these events and transactions on 2020 income from continuing operations after tax would be [Enter a positive number if the net effect increases 2020 income or a negative number if the net effect is a decrease.]

2:

Raymond Corp.'s trial balance reflected the following account balances at December 31, 2020:

Accounts receivable

$19,000

Goodwill

6,000

Accumulated depreciation on equipment and furniture

15,000

Cash

20,000

Inventory

36,000

Equipment

25,000

Patent

4,000

Allowance for uncollectibles

2,000

Land held for future business site

18,000

In Raymond's December 31, 2020 balance sheet, the current assets total is