Grider Industries, Inc. issued $$15,000,000$ of $8\%$ debentures on May $1,2020$ and received cash totaling $$13,308,942.$ The bonds pay interest semiannually on May $1$ and November $1.$ The maturity date on these bonds is November $1,2028.$ The firm uses the effective$-$interest method of amortizing discounts and premiums. The bonds were sold to yield an effective$-$interest rate of $10\%.$ InstructionsCalculate the total dollar amount of discount or premium amortization during the first year $(5/1/20$ through $4/30/21)$ these bonds were outstanding. $($Show computations and round to the nearest dollar.$)$