On January 1, 2025, Crane Corporation changed to the percentage-of-completion method of income recognition. This change is justified by Crane Corporation. On December 31, 2024, Crane's Retained Earnings balance was $1520000. Crane calculated that, if the percentage-of-completion method had been used, the accumulated impact on net income (before taking into consideration any income tax effects) would have been an additional $220000 of revenue in 2024. If Crane's income tax rate is 25%, on of the impacts of this accounting change would be:

A. a decrease to Income Tax Payable of $55000.

B. an increase to Income Tax Payable of $55000.

C. an increase of Construction in Progress of $165000 on December 31, 2024.