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At Sheridan Company, events and transactions during 2020 included the following. The tax rate for all items is 30%. (1) Depreciation for 2018 was found

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At Sheridan 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 $ 149500. (2) A strike by the employees of a supplier resulted in a loss of $ 124900, (3) The inventory at December 31, 2018 was overstated by $ 199000. The effect of these events and transactions on 2020 income from continuing operations net of tax would be ($ 87430). O ($ 243950). O ($ 192080). O ($331380)

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