I know the answer to the following problem, but i do not know where the $253,000 came from on the discount on bonds payable. Can someone elaborate more.

Lopez Company issues $5,000,000 of bonds with a coupon rate of 8%. To help the sale, detachable stock warrants are issued at the rate of ten warrants for each $1,000 bond sold. It is estimated that the value of the bonds without the warrants is $4,935,000 and the value of the warrants is $315,000. The bonds with the warrants sold at 101.

Cash 5,050,000

Disc. on Bonds Payable 253,000

Bonds Payable 5,000,000

Paid in Capital Stock Warrants 303,000