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Vaughn Inc. reported total assets of $2406000 and net income of $332000 for the current year. Vaughn determined that inventory was overstated by $25500 at

Vaughn Inc. reported total assets of $2406000 and net income of $332000 for the current year. Vaughn determined that inventory was overstated by $25500 at the beginning of the year (this was not corrected). What is the corrected amount for total assets and net income for the year?

A. 2380500 and 306500

B. 2406000 and 332000

C. 2431500 and 357500

D. 2406000 and 357500

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