Benson Industries Inc., issued $600000 of 8% debentures on May 1, 2010 and received cash totaling $5323577. The bonds pay interest semiannually on May 1 and November 1. The maturity date on these bonds is November 1, 2018. 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 amoritization during the first year (5/1/10 through 5/1/11) these bonds were outstanding.