Bonds Payable has a balance of $1,046,000 and Discount on Bonds Payable has a balance of $12,552. If the issuing corporation redeems the bonds at 98, what is the amount of gain or loss on redemption? Oa. $8,368 gain Ob. $12,552 loss Oc. $12,552 gain O d. $8,368 loss A $287,000 bond was redeemed at 98 when the carrying amount of the bond was $282,695. The entry to record the redemption would include a a. gain on bond redemption of $5,740. b. loss on bond redemption of $1,435. c. loss on bond redemption of $4,305. d. gain on bond redemption of $1,435. Balance sheet and income statement data indicate the following: Bonds payable, 9% (due in 15 years) $1,294,869 Income before income tax for year 353,091 Income tax for year 105,927 Interest payable 33,000 Interest receivable 19,000 Interest expense 116,538 Based on the data presented above, what is the times interest earned ratio? (Round to two decimal places.) a. 4.03 b. 1.12 C. 2.12 d. 3.03