Events and transactions during 2022 at James Brodies Company Limited included the following. The tax rate for all items is 25%. (1) Depreciation for 2020 was found to be understated by $228,500 (2) A strike by the employees of a supplier resulted in a loss of $168,500 (3) The inventory at 31 December 2020 was overstated by $285,200 (4) A disposal of a component of the business resulted in a $2,400,000 loss Question 45 Answer a. ($2,311,650) b. ($2,097,750) c. ($1,926,375) d. ($83,850)