Powell Company had the following errors over the last two years:

$2022$: Ending inventory was overstated by $$30,000$ while depreciation expense was overstated by $$24,000.$

$2023$: Ending inventory was understated by $$5,000$ while depreciation expense was understated by $$4,000.$

Ignoring taxes, how will the related error corrections affect retained earnings on January $1,2024?$

Question $6$ options:

A$)$

Increase by $$15,000$

B$)$

Decrease by $$25,000$

C$)$

Decrease by $$6,000$

D$)$

Increase by $$25,000$