ClabberCompany has bonds outstanding with a par value of $100,000 and a carrying value of $97,300. If the company calls these bonds at a Price of $95,000, the gain or loss on retirement is:

(I need an answer and the solution, Thank you.)

A. $5,000 loss

B. $2,700 gain

C. $27,00 loss

D. $2,300 loss

E. $2,300 gain