Bonds Payable has a balance of $911,000 and Premium on Bonds Payable has a balance of $10,021. If the issuing corporation redeems the bonds at 102, what is the amount of gain or loss on redemption? Oa. $10,021 loss Ob. $8,199 gain Oc. $10,021 gain Od. $8,199 loss Bonds Payable has a balance of $996,000 and Discount on Bonds Payable has a balance of $11,952. If the issuing corporation redeems the bonds at 98, what is the amount of gain or loss on redemption? Oa. $11.952 loss Ob. $11.952 gain Oc. $7,968 loss Od. $7,968 gain