Can someone please tell me what the Discount on Bonds Payable is?

1 3 ook P E-Tech Initiatives Limited plans to issue $500,000, 10-year, 3 percent bonds. Interest is payable annually on December 31. All of the bonds will be issued on January 1, 2022. Show how the bonds would be reported on the January 2, 2022, balance sheet if they are Issued at 96, (Deductions should be indicated by a minus sign) E-TECH INITIATIVES LIMITED Balance Sheat (partial) As of January 2, 2022 Bonds Payable Discount on Bonds Payable Carrying Value $800,000 $ 520.000 Check my work