Sheridan Industries, Inc. issued $13,500,000 of 8% debentures on May 1,2020 and received cash totaling $11,978,048. 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 effectiveinterest 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, eg. 5,275.)