At Oriole Company, events and transactions during 2017 included the following. The tax rate for all items is 40%.

(1) Depreciation for 2017 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, 2017 was overstated by $201000.

The effect of these events and transactions on 2017 income from continuing operations net of tax would be

($165660).

($211200).

($75060).

($286260).