Kant Corporation Retires Its $100,000 Face Value Bonds at 102

Kant Corporation retires its $100,000 face value bonds at 102 on January 1, following the payment of interest.The carrying value of the bonds at the redemption date is $96,250.The entry to record the redemption will include a

A) credit of $3,750 to Loss on Bond Redemption.
B) debit of $96,250 to Bonds Payable.
C) debit of $5,750 to Gain on Bond Redemption.
D) debit of $3,750 to Bonds Payable.