Ivanhoe Corporation retires its $360000 face value bonds at 106 on January 1, following the payment of interest. The carrying value of the bonds at the redemption date is $373482. Ivanhoe's entry to record the redemption will include a

A. credit of $13482 to Loss on Bond Redemption

B. credit of $8118 to Gain on Bond Redemption

C. Debit of $13482 to Premium on Bonds Payable

D. Debit of $21600 to Premium on Bonds Payable

It's definitely not B.