Question Help On July 1, 2019, Michigan Company has bonds with balances as shown below Bonds Payable 71,000 Premium on Bonds Payable It the company retires the bonds tor $72,150, what will be the eftect on the income statement? O A. B. c, D. gain on retirement of $2.850 loss on retirement of $4950 loss on retirement of $2.650 gain on retirement of S4.950 Click to select your answer O Type here to search 3/4/2019 8