On July 1, 2019, immediately after recording interest payments, Salsa, Inc. retired one fifth of its $514,000 of bonds payable for $98,900. The bonds were originally issued at par value in 2014. Which of the following statements is correct? 4 Multiple Choice 20 points A gain of $3,900 will be reported on the income statement. eBook A Print A loss of $3,900 will be reported on the income statement. r References A gain of $415,100 will be reported on the income statement O Stockholders' equity is not affected by the bond retirement