Gester Ltd redeems its \($100\) 000 face value debentures at 105 on 31 January, following the payment of half-yearly interest. The carrying amount of the debentures at the redemption date is \($100\) 000. The entry to record the redemption will include a:

(a) credit of \($5000\) to gain on redemption of debentures.

(b) debit of \($5000\) to loss on redemption of debentures.

(c) credit of \($100\) 000 to cash.

(d) debit of \($105\) 000 to debentures payable.