Exercise 10-9 (Algo) Straight-Line: Amortization of bond premium LO P3 Quatro Company issues bonds dated January 1, 2021, with a par value of $790,000, The bonds annual contract rate is 9%, and interest is pald semiannually on June 30 and December 31 . The bonds mature in three years. The annual macket rate at the date of issuarice is 8%, and the bonds are sold for $810,694. 1. What is the amount of the premium on these bonds at issuance? 2. How much fotat bond interest expense will be recognized over the life of these bonds? 3. Prepare a straight tine amortization table for these bonds Complete this question by entering your answers in the tabs helow. What is the amount of the premium on these bonds at issuance? Quatro Company issues bonds dated January 1, 2021. with a par value of $790,000. The bonds' annual contract rate is 9%, and interest is pald 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 $810,694. 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 stralght-line amortization table for these bonds. Complete this question by entering your answers in the tabs below. 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. Prepare a straight-line amortization table for these bonds. Note: Round your intermediate calculations to the nearest dollar amount