At Cullumber 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 $151500. (2) A strike by the employees of a supplier resulted in a loss of $124800. (3) The inventory at December 31, 2018 was overstated by $200000. The effect of these events and transactions on 2020 income from continuing operations net of tax would be

($381040).

($281200).

($99840).

($221040)