On July? 1, 2019, Montana Company has bonds with balances as shown below. ???Bonds Payable 68 comma 000 68,000 Discount on Bonds Payable 4 comma 700 4,700 If the company retires the bonds for $ 71 comma 150 $71,150?, what will be the effect on the income? statement? A. loss on retirement of $ 7 comma 850 $7,850 B. no effect on net income C. gain on retirement of $ 7 comma 850 $7,850 D. sales revenue of $ 63 comma 300 $63,300 Click to select your answer.