If Annie and Andy $($each a $30$ percent shareholder in a calendar$-$year S corporation$)$ file a revocation statement on February $10,2023,$ to terminate their S corporation's S election, what is the effective date of the S corporation termination $($assuming they do not specify one$)?$

Multiple Choice

January $1,2023$

February $10,2023$

January $1,2024$

February $10,2024$