Sheridan Inc. reported total assets of $6408000 and net income of $503000 for the current year. Sheridan determined that irventory was understated by $137000 at the beginning of the year and $58700 at the end of the year. What is the corrected amount for total assets and net income for the year? $6466700 and $561700 $6466700 and $424700 $6408000 and $503000 $6349300 and $581300