WaterwayInc. reported total assets of $6410000and net income of $502000for the current year.Waterwaydetermined that inventory was understated by $140000at the beginning of the year and $58200at the end of the year. What is the corrected amount for total assets and net income for the year?

$6468200and $560200.

$6351800and $583800.

$6410000and $502000.

$6468200and $420200.