Quatro Company issues bonds dated January $1,2021,$ with a par value of $$840,000.$ The bonds' annual contract rate is $13\%,$ and interest is paid semiannually on June $30$ and December $31.$ The bonds mature in three years. The annual market rate at the date of issuance is $12\%,$ and the bonds are sold for $$860,685.$

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 $3$

How much total bond interest expense will be recognized over the life of these bonds?

$\backslash$table$[[$Amount repaid:$],[,$payments of$,,],[$Par value at maturity$],[$Total repaid$],[$Less amount borrowed$],[$Total bond intere,st expense,$$,0]]$

Required $1$