At the beginning of his current tax year, David invests $11,540 in original issue U.S. Treasury bonds with a $10,000 face value that mature in exactly 10 years. David receives $840 in interest ( $420 every six months) from the Treasury bonds during the current year, and the yield to maturity on the bonds is 6.4 percent. Note: Round your intermediate calculations to the nearest whole dollar amount. Problem 7-35 Part-b (Algo) b. How much interest will he report this year if he does not elect to amortize the bond premium