Risers Inc

Multiple Choice

Risers Inc.reported total assets of $1,200,000 and net income of $135,000 for the current year.Risers determined that inventory was overstated by $10,000 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) $1,200,000 and $135,000.
B) $1,200,000 and $145,000.
C) $1,190,000 and $125,000.
D) $1,210,000 and $145,000.