On January 1, a company retired $800,000 face value bonds at a call price of 103. The bonds were originally issued for $848,000. On the retirement date the bonds had an unamortized premium of $28,352. The entry to retire the debt would include a

1. debit to bonds payable for $828,352
2. credit to cash for $853,203
3. credit to gain for $4,352
4. credit to premium for $28,352
5. debit to loss for $52,203