In 2021, Jimmy Page Company discovered a building addition completed in January 2019, at a cost of $360,000 was charged to building maintenance expense in error. The cost should have been charged to the building asset account. The company uses straight line depreciation; the estimated life of the building addition when it was completed in 2019 was 25 years, the estimated residual value of the building addition was $100,000, and the company records a full year depreciation on all assets place in service during the year. Fixing this error in 2021 would have the following impact on Pages accounting records:

A)increase the book value of the building asset by $239,200.

B) increase the book value of the building asset by $360,000.

C) decrease retained earnings by $360,000.

D)increase retained earnings by $339,200.