At December 31, 2016, Teal Corporation reported current assets of $335,780 and current liabilities of $201,400. The following items may have been recorded incorrectly.

1. Goods purchased costing $23,220 were shipped f.o.b. shipping point by a supplier on December 28. Teal received and recorded the invoice on December 29, 2016, but the goods were not included in Teals physical count of inventory because they were not received until January 4, 2017.

2. Goods purchased costing $16,480 were shipped f.o.b. destination by a supplier on December 26. Teal received and recorded the invoice on December 31, but the goods were not included in Teals 2016 physical count of inventory because they were not received until January 2, 2017.

3. Goods held on consignment from Claudia Kishi Company were included in Teals December 31, 2016, physical count of inventory at $13,980.

4. Freight-in of $2,830 was debited to advertising expense on December 28, 2016.

By what amount will income (before taxes) be adjusted up or down as a result of the corrections? Assume that goods are sold in item #4.