On January 1, 2015, a company issues 5-year bonds with a stated interest rate of 8% and records the following Dr. Cash $480,000 Dr. Discount on Bonds Payable $20,000 Cr. Bonds payable $500,000 The bonds pay interest annually, on December 31, which is when the company's fiscal year ends The journal entry made on January 1, 2020, when the bonds mature will include: O a. A debit to loss on retirement of bonds of $20,000 O b. A credit to cash for $500,000 Adebit to Bonds payable for $480,000 Od. A credit to gain on retirement of bonds of $20,000