Vaughn Inc, reported total assets of $6392000 and net income of $508000 for the current year. Vaughn determined that inventory was understated by $137000 at the beginning of the year and $58800 at the end of the year. What is the corrected amount for total assets and net income for the year? $6392000 and $508000 $6450800 and $429800 $6450800 and $566800 $6333200 and $586200