On Dec. 32,2012 Moss co. issued 1,000,000 of 11 % bonds at 109. each 1,000 dollar bond was issued with 50 detachable stock warrants, each of which entitled the bond holder to purchase one share of $5 par common stock for $25. Immediately after issuance, the market value of each warrant was $4. On Dec 31,2012, what amount should Moss record as discount or premium on issuance of bonds?