Bramble Corp. retires its $720000 face value bonds at 103 on January 1, following the payment of interest. The carrying value of the bonds at the redemption date is $693000. The entry to record the redemption will include a

a)debit of $21600 to Premium on Bonds Payable.

b)credit of $27000 to Discount on Bonds Payable.

c)credit of $27000 to Loss on Bond Redemption.

d)debit of $48600 to Gain on Bond Redemption.