Vaughn Manufacturing retires its bonds at $105$ on January $1,$ following the payment of annual interest. The face value of the bonds is $$720000.$ The carrying value of the bonds at the redemption date is $$745200.$ The entry to record the redemption will include a

credit of $$10800$ to Gain on Bond Redemption.

debit of $$25200$ to Premium on Bonds Payable.

debit of $$36000$ to Premium on Bonds Payable.

credit of $$25200$ to Loss on Bond Redemption.