In 2022, internal auditors discovered that Newman, Inc., had debited an expense account for the $600,000 cost of a machine purchased on January 1, 2019. The machine's useful life was expected to be five years with no residual value. Straight-line depreciation is used by Newman. The journal entry to correct the error will include a credit to retained earnings of:

A $600,000.

B $360,000.

C $120,000.

D $240,000.