Fun Zone receives authorization to issue $800,000 of 5%, 2 year bonds dated Jan. 1, 2015 that mature on Dec. 31,2016 and pay interest semi annually on June 30th and Dec 31st. The current market rate is 8%, which implies a selling price of 90%. Using the straight line amortization method, what is the amount of discount or premium on bond payable recorded on 6/30/2016