The Titan retires a $24.0 million bond issue when the carrying value of the bonds is $22.8 million, but the market value of the bonds is $28.6 million. The entry to record the retirement will include: a. A credit to cash for $22.8 million. b. A credit of $5.8 million to a gain account. c. A debit of $5.8 million to a loss account. d. No gain or loss on retirement.