On July 1, 2025, Montana Company has bonds with balances as shown below. Bonds Payable 66,000 Discount on Bonds Payable 4,300 If the company retires the bonds for $73,150, what will be the effect on the income statement? O A. loss on retirement of $11,450 OB. sales revenue of $61,700 O C. gain on retirement of $11,450 OD. no effect on net income