Godwin Corporation retired to bordo at 10% on January 1, after the payment of interest. The face un of the bonds is 8660.000. The carrying at of the banda at retrorentin $674,500. The entry to record the retirement will include debit of $24,500 to Premium on Bonds Payable O credit of $14,000 to Gain on Retirement of Bonds. debit of $38.500 to Premium on Bonds Payable credit of $14.000 to Lons on Retirement of Bonds