Lofgren Company issued $20,000,000 par value 6% bonds at 105.5. Five detachable stock purchase warrants were issued with each $1,000 par value bond. At the time of issuance, the warrants were selling for $7.00 each.

Lofgren's journal entry to record the issuance of the bonds will include a debit to Discount on Bonds Payable (enter as a positive number) or a credit to Premium on Bonds Payable (enter as a negative number) of: