On January 1, 2016, Jewels, Inc. sold $200,000 of its 12% five-year bonds to yield 10%. Interest is paid each January 1 and July 1, and effective interest amortization is used. On May 1, 2017, Jewels retired $100,000 of the bonds at 104. The book value of the bonds on December 31, 2016, was $202097. The entry to record the retirement on May 1, 2017 would include a Select one: O a. debit to Loss on Bond Retirement for $4,000 O b. credit to Premium on Bonds Payable for 2097 c. debit to Interest Expense for $8,000 d. credit to Cash for $104,000