7 Exercise 10-9 (Algo) Straight-Line: Amortization of bond premium LO P3 10 points Quatro Company issues bonds dated January 1, 2021, with a par value of $870,000. The bonds' annual contract rate is 9%, 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 $892,789. 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? eBook 3. Prepare a straight-line amortization table for these bonds. Hint Complete this question by entering your answers in the tabs below. Ask Required 1 Required 2 Required 3 Print References Prepare a straight-line amortization table for these bonds. (Round your intermediate calculations to the nearest dollar 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 0 < Required 2 Required 3 >