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Quatro Co. Issues bonds dated January 1, 2019, with a par value of $760,000. The bonds' annual contract rate is 10%, and interest is paid

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Quatro Co. Issues bonds dated January 1, 2019, with a par value of $760,000. The bonds' annual contract rate is 10%, 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 8%, and the bonds are sold for $799,828. 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 effective interest amortization table for these bonds Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required! Required 2 Required 3 Prepare an effective interest amortization table for these bonds (Round all amount to the nearest whole dollar) Required 1 Required 2 Required 3 Prepare an effective interest amortization table for these bonds. (Round all amounts to the nearest whole dollar) Cash Interest Paid Bond Interest Expense Premium Amortization Unamortized Premium Carrying Value Semiannual Interest Period-End 01/01/2019 06/30/2019 12/31/2019 06/30/2020 $ S 6 007 6,247 39 828 33,190 26,552 X S 38,000 38,000 38,000 38,000 38.000 38,000 $ 228,000 31,993 31,753 31,503 31 243 30,973 31,729 188 172 OOO 6.497 6,757 19,914 13 276 X 6,638 X 12/31/2020 06/30/2021 12/31/2021 Total 799 828 793, 190 786,552 780,055 773,298 766 271 760 000 O 7,027 6,271 39 828 0 s s

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