At December 31, 2015 the following balances were reported on the statement of financial position of Chang 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 Chang report on the redemption?

a. 15,000,000

b. 61,759,000

c. 43,000,000

d. 28,000,000