On July 1, 2017 Metlock Limited issued bonds with a face value of $1,100,000 due in 20 years, paying interest at a face rate of 9% on January 1 and July 1 each year. The bonds were issued to yield 11.00%. The companys year-end was September 30. The company used the effective interest method of amortization.

Calculate the premium or discount on the bonds.(Round answers to 0 decimal places, e.g. 5,275.)

______on bond$______