Pina Corporation wished to raise money for a series of upcoming projects. On July 1, 2020, the company issued bonds with a face value of $5,396,000 due in 5 years, paying interest at a face rate of 8% on January 1 and July 1 each year. The bonds were issued to yield 6%. Pina used the effective interest method of amortization for bond discounts or premiums. The company's year-end was September 30. Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. * Your answer is incorrect. Calculate the premium or discount on the bonds. (For calculation purposes, use 5 decimal places as displayed in the factor table provided and answers to O decimal places, e.g. 5,275.) on bond eTextbook and Media $