Vaughn Manufacturing retires its $740000 face value bonds at 101 on January 1, following the payment of interest. The carrying value of the bonds at the redemption date is $712250. The entry to record the redemption will include a O O O O credit of $27750 to Discount on Bonds Payable. credit of $27750 to Loss on Bond Redemption. debit of $35150 to Gain on Bond Redemption. debit of $7400 to Premium on Bonds Payable