It is discovered that opening inventory has been overstated by $\$8000$ and closing inventory has been overstated by $\$6500$. What effect will correcting these errors have on profit for the year?
- Adecrease of $\$1500$
- Bdecrease of $\$14500$
- Cincrease of $\$1500$
- Dincrease of $\$14500$