Sheridan Inc. reported total assets of $6393000 and net income of $506000 for the current year. Sheridan determined that inventory was understated by $140000 at the beginning of the year and $60800 at the end of the year. Ignoring income taxes, what is the corrected amount for total assets and net income for the year? O $6453800 and $426800. O $6393000 and $506000. $6332200 and $585200. O $6453800 and $566800