Marigold Inc. reported total assets of $2404000 and net income of $321000 for the current year. Marigold determined that inventory was overstated by $25500 at the beginning of the year (this was not corrected). Ignoring income taxes, what is the corrected amount for total assets and net income for the year?

$2378500 and $295500.

$2404000 and $346500.

$2429500 and $346500.

$2404000 and $321000.