Bonds Payable Has a Balance of $900,000 and Premium on Bonds

Bonds Payable has a balance of $900,000 and Premium on Bonds Payable has a balance of
$10,000. If the issuing corporation redeems the bonds at 98, what is the amount of gain or loss on the redemption of the bonds?

A) $10,000 loss.
B) $10,000 gain.
C) $28,000 gain.
D) $28,000 loss.