uiz On July 1, 2019, Montana Company has bonds with balances as shown below. Bonds Payable 66,000 Discount on Bonds Payable 3,400 If the company retires the bonds for $72,150, what will be the effect on the income statement? O A. no effect on net income OB. sales revenue of $62,600 O c. gain on retirement of $9,550 OD. loss on retirement of $9,550