On 12/31/22, the Cheboygan Company paid $4,000 of prepais insurance and eipensed the entire amount. The policy covered the period 1/1/23 to 12/31/26 The enor was discovered on 1/10/27; the 2025 books are still open. The correcting journal entry will include what entry to 1/1/26 Retained Earnings? Select one: a. $3,000 debit. b. $3,000 credit C. $1,000 debit d. \$1,000 oredit e. No journal entry needed