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What is the corrected amount for total assets

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Question - Swifty Inc. reported total assets of $6397000 and net income of $510000 for the current year. Swifty determined that inventory was understated by $138000 at the beginning of the year and $58600 at the end of the year. Ignoring income taxes, what is the corrected amount for total assets and net income for the year?

a. $6397000 and $510000.

b. $6338400 and $589400.

c. $6455600 and $430600.

d. $6455600 and $568600.

Reference no: EM132609921

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