Coronado Inc. reported total assets of $6404000 and net income of $503000 for the current year. Coronado determined that inventory was understated by $137000 at the beginning of the year and $60100 at the end of the year. What is the corrected amount for total assets and net income for the year?

a) $6464100 and $426100

b) $6404000 and $503000

c) $6464100 and $563100

d) $6343900 and $579900