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Business, 24.04.2020 18:12 crodriguez87

At Blossom Company, events and transactions during 2020 included the following. The tax rate for all items is 40%. (1) Depreciation for 2018 was found to be understated by $119100. (2) A strike by the employees of a supplier resulted in a loss of $100000. (3) The inventory at December 31, 2018 was overstated by $153200. (4) A disposal of a component of the business resulted in a $2002000 loss. The effect of these events and transactions on 2020 net income net of tax would be

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