Grider Industries, Inc. issued $15,000,000 of 8% debentures on May 1, 2017 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, 2025. The firm uses the effective-interest method of amortizing discounts and premiums. The bonds were sold to yield an effective-interest rate of 10%.

Calculate the total dollar amount of discount or premium amortization during the first year (5/1/17 through 4/30/18) these bonds were outstanding. (Round answers to 0 decimal places, e.g. 5,275.)

Date Interest

Expense Cash

Interest Discount

Amortized Carrying

Value of Bonds

5/1/17

$

11/1/17

$

$

$

5/1/18

Total $