On June $30,20$X$8,$ Salt Inc. wrote down an inventory item recording a loss of $$65,000$ in cost of goods sold $($COGS$).$ The write down reflects a decline in the company$$s carrying amount of inventory on the balance sheet which previously stood at $$522,300.$ The next year, in $20$X$9,$ company management discovers that the inventory item subsequently increased in value and is now worth $$589,100.$ Salt Inc. prepares and presents its financial statements in accordance with International Financial Reporting Standards $($IFRS$).$ In $20$X$9,$ Salt Inc. will most likely account for the change in value by : A$.$ Increasing earnings before taxes by $$65,000.$ B$.$ Increasing the inventory account on the balance sheet by $$131,800.$ C$.$ Decreasing cost of goods sold $($COGS$)$ by $$66,800.$