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waterway inc. reported assets of $2403000 and net income of 340000 for the current year. Waterway determined that inventory was overstated by 24500 in the

waterway inc. reported assets of $2403000 and net income of 340000 for the current year. Waterway determined that inventory was overstated by 24500 in the beginning of the year (this was not corrected). What is the corrected amount for total assets and net income of the year

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