At $x$ Company, events and transactions during $2020$ included the following. The tax rate for all items is $20\%.$

$(1)$ Depreciation for $2018$ was found to be understated by $$150,000.$

A strike by the employees of a supplier resulted in a loss of $$120,000.$

$(3)$ The inventory at December $31,2018$ was overstated by $$160,000.$

$(4)$ A disposal of a component of the business resulted in a $$16,000,000$ loss.

The effect of these events and transactions on $2020$ net income net of tax would be$?$ Please show step by step.