Bonds Payable has a balance of $873,000 and Discount on Bonds Payable has a balance of $8,730. If the issuing corporation redeems the bonds at 97.5, what is the amount of gain or loss on redemption? oa. $13,095 gain Ob. $13,095 loss C. $8,730 gain Od. $8,730 loss An installment note payable for a principal amount of $94,000 at 6% interest requires Lawson Company to repay the principal and interest in equal annual payments of $22,315 beginning December 31, of the first year, for each of the next five years. After the final payment, the carrying amount on the note will be Oa, $22,315 Ob. $1 Oc, $1,263 Od. $21,053