Shanita Corporation retires its bonds at 108 on January 1, after the payment of interest. The face value of the bonds is $850,000. The carrying value of the bonds at retirement is $875,500. The entry to record the retirement will include a O A. O B. O C. O D. debit of $25,500 to Premium on Bonds Payable. debit of $42,500 to Premium on Bonds Payable. credit of $42,500 to Premium on Bonds Payable. credit of $25,500 to Premium on Bonds Payable