5. On January 1, 2023, CANARY Company issued six-year, 7\% interest-bearing convertible bonds with total face amount of P4,000,000 for an issue price of P4,100,000. These bonds are convertible to a total of 80,000 ordinary shares of the Company with P40 par value. Without the convertibility option, the bonds are issuable at 9% market yield. Fast forward to December 31,2026 , the Company retired the bonds by paying retirement price of P3,920,000 to the bondholders. As of the same date, the bonds have market yield of 10%. From this information, the gain or loss to be recognized in profit or loss shall be a. P67,534 gain c. P60,732 gain b. P67,534 loss d. P60,732 loss The balance in the share premium - convertibility option after recording the early retirement shall be a. P378,932 c. P330,609 b. P497,543 d. P458,875