Ivanhoe Corporation retires its $440000 face value bonds at 104 on January 1, following the payment of interest. The carrying value of the bonds at the redemption date is $423500. The entry to record the redemption will include a O debit of $34100 to Loss on Bond Redemption. debit of $17600 to Premium on Bonds Payable. debit of $16500 to Discount on Bonds Payable. O credit of $16500 to Gain on Bond Redemption.