Sheridan Industries, Inc. issued $17,400,000 of 8% debentures on May 1, 2024 and received cash totaling $15,438,373. 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 effective-interest method of amortizing discounts and premiums. The bonds were sold to yield an effective rate of 10%. Calculate the total dollar amount of discount or premium amortization during the first year (5/1/24 through 4/30/25) these bonds were outstanding. (Round answers to 0 decimal places, e.g. 5,275.)