Which answer is right?

X Your answer is incorrect. On January 1, 2025, Carla Vista Corporation changed to the percentage-of-completion method of income recognition. This change is justified by Carla Vista Corporation. On December 31, 2024, Carla Vista's Retained Earnings balance was $1590000. Carla Vista 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 $290000. If Carla Vista's income tax rate is 25%, one of the impacts of this accounting change would be an increase to Construction in Progress of $1590000 on December 31, 2024. O a decrease to the Retained Earnings balance on December 31, 2024, of $290000. O an increase to the Retained Earnings balance on December 31, 2024, of $290000. O an increase to Construction in Progress of $290000 on December 31, 2024