X Your answer is incorrect. Concord Inc. reported total assets of $2399000 and net income of $311000 for the current year. Concord determined that inventory was overstated by $23500 at the beginning of the year (this was not corrected). What is the corrected amount for total assets and net income for the year? $2375500 and $287500 $2399000 and $334500 O $2422500 and $334500 $2399000 and $311000