29 0/8 points On Dec. 31, 2020, Company has reported $34,000 Salaries and Wages Expense in Income Statement and $2,000 Salaries and Wages Payable in Balance Sheet. During 2020, company paid $34,800 in salaries and wages. What was the balance in Salaries and Wages Payable at the start of the year on January 1, 2020? Example of Answer: 4000 (No comma, space, decimal point, or $ sign) Answer: 1200 Question 31 At Rose Company, events and transactions during 2020 included the following. The tax rate for all items is 20%. (1) Depreciation for 2018 was found to be understated by $150,000. (2) A strike by the employees of a supplier resulted in a loss of $125,000. (3) The inventory on December 31, 2019, was overstated by $200,000. Compute the effect of these events and transactions on 2020 income from continuing operations net of tax. Example of Answer: 4000 or 4000 (No comma, decimal point, or $ sign). Show negative impact with.. 0/8 points