At Sandhill Co., 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 $118300. (2) A strike by the employees of a supplier resulted in a loss of $92600. (3) The inventory at December 31, 2018 was overstated by $153200. (4) A disposal of a component of the business resulted in a $1999000 loss. The effect of these events and transactions on 2020 net income net of tax would be ($1654170). ($65320). ($1464120). ($1553300)