Waterway Inc. reported total assets of $2405000 and net income of $330000 for the current...
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Waterway Inc. reported total assets of $2405000 and net income of $330000 for the current year. Waterway determined that inventory was overstated by $22500 at the beginning of the year (this was not corrected). What is the corrected amount for total assets and net income for the year? $2405000 and $330000 $2382500 and $307500 $2427500 and $352500 $2405000 and $352500
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