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At Ruth Company, events and transactions during 2010 included the following. The tax rate for all items is 30%.(1) Depreciation for 2008 was found to be understated by $30,000.(2) A strike by the employees of a supplier resulted in a loss of $25,000.(3) The inventory at December 31, 2008 was overstated by $40,000.(4) A flood destroyed a building that had a book value of $500,000. Floods are very uncommon in that area.

The effects of these events and transactions on 20x1 income from continuing operations net of tax would be?