Current Attempt in Progress

At Carla Vista Co., 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 $150000. (2) A strike by the employees of a supplier resulted in a loss of $125800. (3) The inventory at December 31, 2018 was overstated by $200200. The effect of these events and transactions on 2020 income from continuing operations net of tax would be

($220640).

($100640).

($280160).

($380800).