Sheffield Inc. reported total assets of $2392000 and net income of $316000 for the current year. Sheffield determined that inventory was overstated by $25000 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?

$2367000 and $291000.

$2417000 and $341000.

$2392000 and $316000.

$2392000 and $341000.