Ladders Inc. reported total assets of $2,400,000 and net income of $320,000 for the current year. Ladders determined that inventory was overstated by $24,000 at the beginning of the year (this was not corrected). What is the corrected amount for total assets and net income for the year? $2,400,000 and $320,000 O $2,376,000 and $296,000. O $2,400,000 and $344,000. $2,424,000 and $344.000