Babycakes Company sells $450,000 of 9%, 10-year bonds for 61.1113 on April 1, 2018. The market rate of interest on that day is 17.5%. Interest is paid each year on April 1. The entry to record the sale of the bonds on April 1 would be as follows (Intermediary and final answer calculations are rounded to the nearest whole number.) O A. Cash 275,001 174,999 Discount on Bonds Payable Bonds Payable 450,000 OB. Cash 450,000 Discount on Bonds Payable Bonds Payable 174,999 275,001 OC. Cash 450,000 Bonds Payable 450,000 OD. Cash 275,001 Bonds Payable 275,001