A corporation retired $200,000 of its 10% bonds payable. On the retirement date the book value of the bonds was $208,000. The corporation purchased them on the open market for $210,000. How much was the gain or loss on the retirement of the bonds?

A) There was a $10,000 loss.

B) There was a $2,000 loss.

C) There was a $10,000 gain.

D) There was an $18,000 loss.