39) Clabber Company has bonds outstanding with a par value of $100,000 and a carrying value of $97,300. If the company calls these bonds at a price of $95,000, the gain or loss on retirement is:

A) $2,300 gain.

B) $2,700 gain.

C) $2,700 loss.

D) $5,000 loss.

E) $2,300 loss.