Janene Corporation retires its bonds at 108 on January 1, after the payment of interest. The face value of the bonds is $650,000. The carrying value of the bonds at retirement is $669,500. The entry to record the retirement will include a

A.credit of $32,500 to Premium on Bonds Payable.

B.debit of $32,500 to Premium on Bonds Payable.

C.debit of $19,500 to Premium on Bonds Payable.

D.credit of $19,500 to Premium on Bonds Payable.