Exercise 14-9 (Algo) Straight-Line: Amortization of bond premium LO P3 Quatro Company issues bonds dated January 1, 2021, 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. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Prepare a straight-line amortization table for these bonds. (Round your intermediate caiculations to the nearest dollar amount.) Prepare a straight-line amortization table for these bonds. (Round your intermediate ca amount.)