Risers Inc

Multiple Choice

Risers Inc.reported total assets of $1,600,000 and net income of $85,000 for the current year.Risers determined that inventory was understated by $23,000 at the beginning of the year and $10,000 at the end of the year.What is the corrected amount for total assets and net income for the year?

A) $1,610,000 and $95,000.
B) $1,590,000 and $98,000.
C) $1,610,000 and $72,000.
D) $1,600,000 and $85,000.