QUESTION 28 Assume at the end of the fourth period, Candlestick Inc., having sold its bonds at a premium, retires the bonds at 104 (104% of par value) after paying the annual interest. Assume that the carrying value of the bonds at the redemption date is $100,800 (principal $100,000 and premium $800). Candlestick's journal entries that record the redemption at the end of the fourth interest period include Credit gain on bond redemption of $2,600 Debit loss on bond redemption of 3,200 Credit gain on bond redemption of $3,200 Debit loss on bond redemption of $2,600