12 Required information [The following information applies to the questions displayed below) At the beginning of his current tax year, David invests $12,410 in original issue US Treasury bonds with a $10,000 face value that mature in exactly 25 years. David receives $960 in interest ($480 every six months) from the Treasury bonds during the current year, and the yield to maturity on the bonds is 76 percent (Round your intermediate calculations to the nearest whole dollar amount.) nt .. How much interest income will he report this year if he elects to amortize the bond premium? ences Semiannual Period Adjusted Basis of Bond at Beginning of Semiannual Period $ 12.410 Interest Received Premium Amortization Reported Interest 1 2 Yearly Total $ 0 $ 0 $ b. How much interest will he report this year if he does not elect to amortize the bond premium? Interest Reported