On July 1, 2023, ELR Limited issued bonds with a face value of $1,040,000 due in 20 years, paying interest at a face rate of 10% on January 1 and July 1 each year. The bonds were issued to yield 12%. The company's year-end was September 30. The company used the effective interest method of amortization. Using 1. factor Tables calculate the premium or discount on the bonds. (Round factor values to 5 decimal places, eg. 1.25124 and final answer to 0 decimal places