Novak Industries, Inc. issued $ 19,200,000 of 8% debentures on May 1, 2020 and received cash totaling $ 17,035,446. 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%. Calculate the total dollar amount of discount or premium amortization during the first year (5/1/20 through 4/30/21) 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
5/1/20				$
11/1/20	$	$	$
5/1/21
Total			$

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