On December 31, 2018, Peter Corp. acquired 80% of Sunny Corp. and on that date, most of Sunny's book values are the same as fair values except that the fair value for inventory is $20,000 above its book value. There were no inter-company inventory sales before January 1, 2020. During 2020, Peter sold inventories to Sunny for $50,000, 50% of which is still in Sunny's warehouse at the year end. Gross margin of inventory sales is 20% at both companies. Peter booked a gain of $10,000 for selling a tract of land to Sunny during 2020, and Sunny still holds this land at the year end. On January 1, 2020, Sunny sold equipment to Peter at a price that was $20,000 higher than its book value. The equipment has a remaining useful life of 4 years from that date. Both companies are subject to an effective tax rate of 40%, adopt the straight-line amortization, and have a year end of December 31. What is the net amount of adjustments and eliminations made to Income Tax Expense when preparing the December 31, 2020 Consolidated Income Statement?