Carr Corporation retires its $100,000 face value bonds at 105 on January 1, following the 2 payment of interest. The carrying value of the bonds at the redemption date is $103,745. The * entry to record the redemption will include a (1 ) credit of $3,745 to Loss on Extinguishment of Debt credit of $1,255 to Gain on Extinguishment of Debt debit of $103,745 to Bonds Payable debit of $3,745 to Bonds Payablo O