1 14.32 pots Quatro Company issues bonds dated January 1, 2021, with a par value of $860,000 The bonds annual contract rate is 10% and interest is paid semiannually on June 30 and December 31. The bonds mature in three years. The annual market rate at the date of Issuance is 8% and the bonds are sold for $905,068. 1. What is the amount of the premium on these bonds at issuance? 2. How much total band interest expense will be recognized over the life of these bonds? 3. Prepare a straight-line amortization table for these bonds Complete this question by entering your answers in the tabs below. Bequired 1 Required 2 Repared What is the amount of the premium on these bonds at issuance? Premium Required 2 > Check my wor Quatro Company issues bonds dated January 1, 2021, with a par value of $860,000. The bonds' annu Interest is paid semiannually on June 30 and December 31. The bonds mature in three years. The anm issuance is 8%, and the bonds are sold for $905,068. 1. What is the amount of the premium on these bonds at issuance? 2. How much total bond interest expense will be recognized over the life of these bonds? 3. Prepare a straight-line amortization table for these bonds. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 How much total bond interest expense will be recognized over the life of these bonds? Total Bond Interest Expense Over Life of Bonds: Amount repaid: Total repaid payments of Par value at maturity Less amount borrowed Total bond interest expense Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a straight-line amortization table for these bonds. (Round your intermediate calculations amount.) Semiannual Interest Unamortized Period-End 01/01/2021 06/30/2021 12/31/2021 06/30/2022 12/31/2022 06/30/2023 12/31/2023 Premium Carrying Value < Required 2 Required 3