Flint Corporation retires its $1088000 face value bonds at 105 on January 1, following the payment of annual interest. The carrying value of the bonds at the redemption date is $1128750. The entry to record the redemption will include a credit of $40750 to Loss on Bond Redemption. debit of $40750 to Premium on Bonds Payable. O credit of $13650 to Gain on Bond Redemption. O debit of $54400 to Premium on Bonds Payable