BobCat reported total assets of $30,000 at the end of 2019 and net income of $12,000 for 2019. BobCat's Beginning inventory (1/1/19) was overstated by $2,000. Ignore tax effect. What is the correct amount of total assets at the end of 2019 and net income for 2019? O A. 30,000; 12,000 O B. 28,000; 12,000 O C. 30,000; 14,000 O D. 28,000; 14,000 Pick true statement about the approximation of the current cost O A. LIFO ending inventory is at current cost O B. WA COGS is at current cost O C. FIFO ending inventory is at current cost OD. FIFO COGS is at current cost 2. BobCat reported total assets of $50,000 at the end of 2019 and net income of $22,000 for 2019. BobCat's Beginning inventory (1/1/19) was correct, Ending Inventory (12/31/19) was overstated by $2,000. Ignore tax effect. What is the correct amount of total assets at the end of 2019 and net income for 2019? O A. 30,000; 22,000 O B. 28,000; 20,000 O C. 30,000; 20,000 O D. 28,000; 22,000