July 1, 2017, immediately after recording interest payments. Salsa, Inc retired one fifth of its $500, 000 of bonds payable for $97, 500. The bonds were originally issued at value in 2012. Which of the following statements is correct? Stockholders' equity is not affected by the bond retirement A gain of $2, 500 will be reported on the income statement A loss of $2, 500 will be reported on the income statement A gain of $402, 500 will be reported on the income statement