Tesla Co has total assets of $555,000 and profit for the year of $160,000 recorded in the financial statements or the year ended 31 December 2013. Inventory costing $45,000, which was received into the varehouse on 2 January 2014, was included in the inancial statements at 31 December 2013 in error. What would be the profit for the year and total assets after adjusting for this error? Profit for the year $115,000 and total assets $600,000. Profit for the year $115,000 and total assets $510,000. Profit for the year $205,000 and total assets $600,000. Profit for the year $205,000 and total assets $510,000