On February 1, 2013, Oxford Inc. issued 5-year, $1 million bonds with a coupon rate of 6% and yield of 5%. The bonds pay interest semi-annually on August 1 and February 1 each year. The partially completed amortization table is given below (rounded to the nearest dollar). Oxford Inc. redeemed the bonds on August 2.2015 at 102. Oxford Inc. uses the effective interest rate method to amortize its bonds and has a fiscal year end at December 31 each year. Date Interest Payment Interest Expense Bond Amortization Carrying Value 2013-02-01 $1,043,760 2013-08-01 B $1,039,854 2014-02-01 A $25,996 $1,035,850 2014-08-01 $1,031,746 2015-02-01 $25,794 2015-08-01 $1,023,229 The journal entry to record the redemption of the bond on August 2. 2015 will include: A credit to cash for $1,020,000 A credit to gain on redemption of bonds payable for $3.229 A debit to Premium on Bonds Payable for $23.229 All of the above