Quatro Co. issues bonds dated January 1, 2017, with a par value of $780,000. 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 $799,207. 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 an amortization table for these bonds using the effective interest method to amortize the premium. Complete this question by entering your answers in the tabs below. Required Required Required 2 Prepare an amortization table for these bonds using the effective interest method to amortize the premium. (Round all amounts to the nearest whole dollar.) Semiannual Interest Period-End 01/01/2017 06/30/2017 12/31/2017| 06/30/2018 12/31/2018 06/30/2019 12/31/2019 Total Cash Bond Premium Unamortized Carrying Interest Interest Amortization Premium Value Paid Expense $ 19,207 $ 799,207 $ 50,700/ $ 39,960 $ 10,740 16,006 788,467 50,700 39,4237 11,277| 12,805 777,191 50,700 38,860 11,840 9,604 765,351 50,700 38,268 12,432 6,403 752,919 50,700 37,646 13,054 3,202 739,865 50,700 90,835 (40,135) 780,000 $ 304,200 $ 284,993 $ 19,207 Required 2 Required 3 >