Multistar Inc., has decided to call one half of its bonds payable. In accordance with the bond contract, Multistar Inc, may call and retire the bonds at 103. Immediately before the retirement, the balance sheet for Multistar Inc. reports 10% bonds payable Premium on bonds payable $300,000 14.800 What is the amount of the gain or loss on retirement? Round to the nearest dollar O A. gain of $2,900 O B. loss of $4,722 O C. loss of $2,900 O D. gain of $4,722