Sheridan Corporation retires its $360000 face value bonds at 103 on January 1, following the payment of interest. The carrying value of the bonds at the redemption date is $346500. The entry to record the redemption will include a credit of $13500 to Gain on Bond Redemption. O debit of $13500 to Discount on Bonds Payable. debit of $24300 to Loss on Bond Redemption. debit of $10800 to Premium on Bonds Payable.