On July 1, 2019, Montana Company has bonds with balances as shown below. Bonds Payable 67,000 Discount on Bonds Payable 3,400 If the company retires the bonds for $67,150, what will be the effect on the income statement? O A. sales revenue of $63,600 O B gain on retirement of $3,550 Oc. no effect on net income OD. loss on retirement of $3,550