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At Oriole Company, events and transactions during 2020 included the following. The tax rate for all items is 40%. (1) Depreciation for 2019 was found

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At Oriole Company, events and transactions during 2020 included the following. The tax rate for all items is 40%. (1) Depreciation for 2019 was found to be understated by $151,000. (2) A strike by the employees of a supplier resulted in a loss of $125,100. (3) The inventory at December 31, 2019 was overstated by $201,000. The effect of these events and transactions on the 2020 income from continuing operations net of tax would be O ($286260). ($165660). ($211200)

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