Postage,a Holder of a $400,000 Stamp Inc

Multiple Choice

Postage,a holder of a $400,000 Stamp Inc.bond,collected the interest due on June 30,20X8,and then sold the bond to DEF Inc.for $365,000.On that date the bond issuer,Stamp,a 90 percent owner of DEF,had a $450,000 carrying amount for this bond.
-Based on the information given above,what amount of gain or loss on bond retirement was recorded?

A) No gain or loss
B) $85,000 gain
C) $85,000 loss
D) $35,000 loss