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ABC Company retires a $24.9 million bond issue when the carrying value of the bonds is $21.5 million, but the market value of the bonds is $28.9 million. The entry to record the retirement will include: Multiple Choice (0) No gain or loss on retirement. (0) A debit of $7.4 million to a loss account. O A credit to cash for $21.5 million. A credit of $7.4 million to a gain account