Veron Inc. Reported Total assets of 16,00,000 and net income of $85,000 for the current year. Veron determined that inventory was understated by $23000 at the beginning of the year and $10000 at the end of the year. What is the corrected amount for total assets and net income for the year? the answer is $1610000 and 72000. But I don't get it, can you help me please.