ABC issues $1,500,000 bonds with 15,000 detachable warrants for $1,655,500. The bonds alone usually sell at 102, and each warrant is worth $9. At issuance, the premium on bonds payable is ________.

ABC issues $1,500,000 bonds with 15,000 nondetachable warrants for $1,655,500. The bonds alone usually sell at 102, and each warrant is worth $9. At issuance, the premium on bonds payable is ________.