PAAST Inc. reported total assets of $6,400,000 and net incom…
PAAST Inc. reported total assets of $6,400,000 and net income of $510,000 for the current year. PAAST determined that inventory was understated by $138,000 at the beginning of the year and $60,000 at the end of the year. What is the corrected amount for ending total assets and net income for the year?