Marigold Corp. retires its bonds at 105 on January 1, following the payment of annual interest. The face value of the bonds is $650000. The carrying value of the bonds at the redemption date is $672750. The entry to record the redemption will include a O debit of $32500 to Premium on Bonds Payable. credit of $9750 to Gain on Bond Redemption credit of $22750 to Loss on Bond Redemption debit of $22750 to Premium on Bonds Payable