Godwin Corporation retires its bonds at 106 on January 1, after the payment of interest. The face value of the bonds is $600,000. The carrying value of the bonds at retirement is $619, 500. The entry to record the retirement will include a: debit of $36,000 to Premium on Bonds Payable. credit of $16, 500 to Loss on Retirement of Bonds. debit of $19, 500 to Premium on Bonds Payable. credit of $16, 500 to Gain on Retirement of Bonds