Wittebury Corporation Retires Its £4,000,000 Face Value Bonds at 105

Wittebury Corporation retires its £4,000,000 face value bonds at 105 on January 1, following the payment of annual interest. The carrying value of the bonds at the redemption date is $4,149,800. The entry to record the redemption will include

A) a credit of £50,200 to Gain on Bond Redemption.
B) a debit of £50,200 to Loss on Bond Redemption.
C) a credit of £20,000 to Bonds Payable.
D) a credit of £50,200 to Bonds Payable.