Kettle Company sells $200,000 of 16%, 15-year bonds for 89 on April 1, 2020 The market rate of interest on that day is 167%. Interest is paid each year on April 1. The entry to record the sale of the bonds on April 1 would be which of the following? O A Cash 200,000 Bonds Payable 200,000 B. Cash 178,000 Bonds Payable 178,000 OC. Cash 200,000 22,000 Discount on Bonds Payable Bonds Payable 178,000 OD Cash 178,000 22,000 Discount on Bonds Payable Bonds Payable 200.000