At the end of 2015, the payroll supervisor for Claro, Inc. failed to accrue $24.800 in commissions for their outside salespersons. The cost was recorded in 2016 when the commissions were paid and Commissions Expenses was debited and Cash credited for the full amount. The error was not discovered until late in 2016 while reconciling year-end expenses for 2016. The tax rate for both years was 35%. What is the proper journal entry to correct the error for 2016? O A. Account Credit Debit Commission Expense 24.800 8.680 Taxes Payable 16.120 Retained Earnings Prior Period Adj. O B. Account Debit Credit Retained Earnings Prior Period Adj. 24.800 Commission Expense 24,800 O C. Account Debit Credit 16.120 Retained Earnings Prior Period Adj. Taxes Receivable 8,680 Commission Expense 24,800 O D. No entry required. The error has self corrected