For Peach Limited, events and transactions during $2021-2023$ included the following. The tax rate for all items is $30\%.$

$1.$ Depreciation for $2022$ was found to be understated by $$30,000.$

$2.$ A $2023$ strike by the employees of a supplier resulted in a loss of $$20,000.$

$3.$ The inventory at December $31,2021$ was overstated by $$40,000.$

$4.$ A $2023$ flood destroyed a building that had a book value of $$400,000.$ Floods are very uncommon in that area.

The effect of these events and transactions on the balance of retained earnings at January $1,2023$ would be

Question $13$ options:

$$294,000.$

$$343,000.$

$$21,000.$

$$14,000.$