At Ross Company, events and transactions during 2020 included the following. The tax rate for all items is 30%. (1) Depreciation for 2018 was found to be understated by $120,000. (2) A strike by the employees of a supplier resulted in a loss of $200,000. (3) The inventory at December 31, 2018 was overstated by $160,000. (4) A disposal of a component of the business resulted in a $1,900,000 loss. The effect of these events and transactions on 2020 net income net of tax would be Select one: a. ($1,470,000) b. ($714,000) c. ($1,666,000) d. ($630,000)