Risers Inc

Multiple Choice

Risers Inc. reported total assets of $1,800,000 and net income of $240,000 for the current year. Risers determined that inventory was overstated by $18,000 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) $1,800,000 and $240,000.
B) $1,800,000 and $258,000.
C) $1,782,000 and $222,000.
D) $1,818,000 and $258,000.