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Crane Inc. reported total assets of $2390000 and net income of $310000 for the current year. Crane determined that inventory was overstated by $22000 at

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Crane Inc. reported total assets of $2390000 and net income of $310000 for the current year. Crane determined that inventory was overstated by $22000 at the beginning of the year (this was not corrected). What is the corrected amount for total assets and net income for the year? $2390000 and $310000 $2390000 and $332000 $2368000 and $288000 $2412000 and $332000

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