Exercise 10-9 Straight-Line: Amortization of bond premium LO P3 Quatro Co. Issues bonds dated January 1, 2019, with a par value of $880,000. The bonds' annual contract rate is 13%, 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 12%, and the bonds are sold for $901,670. 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 What is the amount of the premium on these bonds at issuance? Premium RO Required 2 > Exercise 10-9 Straight-Line: Amortization of bond premium LO P3 Quatro Co. Issues bonds dated January 1, 2019, with a par value of $880,000. The bonds' annual contract rate is 13%, 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 12%, and the bonds are sold for $901,670, 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: payments of Par value at maturity Total repaid Less amount borrowed Sotal bond interest expense Exercise 10-9 Straight-Line: Amortization of bond premium LO P3 Quatro Co. Issues bonds dated January 1, 2019, with a par value of $880,000. The bonds' annual contract rate is 13%, and interest is maid semiannually on June 30 and December 31. The bonds mature in three years. The annual market rate at the date of Issuance is 2%, and the bonds are sold for $901,670. What is the amount of the premium on these bonds at issuance? How much total bond interest expense will be recognized over the life of these bonds? - 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 Prepare a straight-line amortization table for these bonds. (Round your intermediate calculations to the nearest dollar amount.) Unamortized Premium Carrying Value Bemiannual Interest Period-End 01/01/2019 06/30/2019 12/31/2019 06/30/2020 12/31/2020 06/30/2021 12/31/2021