Sheffield Industries, Inc. issued $16,800,000 of 8% debentures on May 1, 2020 and received cash totaling $14,906,015. The bonds pay interest semiannually on May 1 and November 1. The maturity date on these bonds is November 1, 2025. 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.) Interest Expense Cash Interest Discount Amortized Carrying Value of Bonds Date 5/1/20 14906015 11/1/20 $ 600000 5/1/21 600000 Total