1.		The current assets section includes cash $ 150,000, accounts receivable $ 170,000 less $ 10,000 for allowance for doubtful accounts, inventories $ 180,000, and unearned rent revenue $ 5,000. Inventory is stated on the lower-of-FIFO-cost-or-net realizable value.
2.		The investments section includes the cash surrender value of a life insurance contract $ 40,000; investments in common stock, short-term $ 80,000 and long-term $ 270,000; and bond sinking fund $ 250,000. The cost and fair value of investments in common stock are the same.
3.		Property, plant, and equipment includes buildings $ 1,040,000 less accumulated depreciation $ 360,000, equipment $ 450,000 less accumulated depreciation $ 180,000, land $ 500,000, and land held for future use $ 270,000.
4.		Intangible assets include a franchise $ 165,000, goodwill $ 100,000, and discount on bonds payable $ 40,000.
5.		Current liabilities include accounts payable $ 140,000, notes payable-short-term $ 80,000 and long-term $ 120,000, and income taxes payable $ 40,000.
6.		Long-term liabilities are composed solely of 7% bonds payable due 2028.
7.		Stockholders equity has preferred stock, no par value, authorized 200,000 shares, issued 70,000 shares for $ 450,000, and common stock, $1.00 par value, authorized 400,000 shares, issued 100,000 shares at an average price of $ 10. In addition, the corporation has retained earnings of $ 320,000.

What is the discount for the bond payable and how to find it?

$ 380,000 SARGENT CORPORATION BALANCE SHEET DECEMBER 31, 2020 Current assets $ 485,000 Current liabilities Investments 640,000 Long-term liabilities Property, plant, and equipment 1.720,000 Stockholders' equity Intangible assets 305,000 1,000,000 1,770,000 $3,150,000 $3,150,000