At December 31, 2015 the following balances were reported on the statement of financial position of Yang Corporation: Bonds payable $1,472,000,000; interest payable $33,750,000. The bonds have a face amount of $1,500,000,000. If the bonds are retired on January 1, 2016 at 101, what amount of gain or loss will Yang report on the redemption?

Select one:

a.$61,759,000

b.$28,000,000

c.$43,000,000

d.$15,000,000