Swifty Corporation retires its bonds at $105$ on January $1,$ following the payment of annual interest. The face value of the bonds is

$$640000.$ The carrying value of the bonds at the redemption date is $$662400.$ The entry to record the redemption will include a

credit of $$22400$ to Loss on Bond Redemption.

debit of $$22400$ to Premium on Bonds Payable.

credit of $$9600$ to Gain on Bond Redemption.

debit of $$32000$ to Premium on Bonds Payable.