Downlo.lable etcxtbook ent 04152 PM / Remaining amin Testbank Multiple Choice Question 70 At Cullumber 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 $119200. (2) A strike by the employees of a supplier resulted in a loss of $109600. (3) The inventory at December 31, 2018 was overstated by $160600 (4) A disposal of a component of the business resulted in a $2000000 loss. The effect of these events and transactions on 2020 net income net of tax would be O $1754000). ($1687680) ($1911520), (588180) Click if you would like to Show Work for this questions in Show 1.1 2000 2021. Antoine o c