Question 6 2 pts On July 1, 2017, Miniature Company has bonds with balances as shown below. Bonds Payable 69,000 Discount on Bonds Payable 4,000 If the company retires the bonds for $72,150, what will be the effect on the income statement? gain on retirement of $7,150 loss on retirement of $7,150 O sales revenue of $65,000 O no effect on net income