QUESTION 14 At Blue Baker 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 $120,000. (2) A strike by the employees of a supplier resulted in a loss of $100,000. (3) The inventory at December 31, 2018 was overstated by $160,000. (4) A disposal of a component of the business resulted in a $2,000,000 loss. The effect of these events and transactions on 2020 net income net of tax would be .A (47.000) OB.(S1,680,000) OC. (51,776,000) O D.(S1,904,000)