A bond with a $$500,000$ maturity value is immediately retired for $$515,000$ plus accrued interest. The premium on bonds payable $($bond premium$)$ at the retirement date is $$17,500.$ Which of the following statements is

cortect?

Multiple Choice

The loss on the debt extingulishment is $$32,500.$

The gain or loss on the debt extingulshment can't be determined without knowing the dollar amount of the accrued interest.

The gain on the debt extingulshment is $$2,500$

The gain on the debt extingulshment is $$32\mathrm{.}500.$