On Jan 1, 2020 a company issued bonds with a par value of $900,000 at 103 due in 20 years. 12 years later the entire issue is called at 105 and cancelled. The company is following ASPE. The company will record Gain on debt redemption for $35.000 Loss on debt redemption for $35,000 Gain on debt redemption for $5,000 Loss on debt redemption for $5,000