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.$

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.

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Required $2$

Required $3$

Prepare a straight$-$line amortization table for these bonds.

Note: Round your intermediate calculations to the nearest dollar amount.

$\backslash$table$[[\backslash$table$[[$Semiannual Interest$],[$Period$-$End$]],\backslash$table$[[$Unamortized$],[$Premium$]],$Carrying Value$],[01/01/2021,$$$,21,670,$$$,901,670],[\frac{06}{30}\frac{?}{2021},,,,],[\frac{12}{31}\frac{?}{2021},,,,],[06/30/2022,,,,],[\frac{12}{31}\frac{?}{2022},,,,],[\frac{06}{30}\frac{?}{2023},,,,0],[\frac{12}{31}\frac{?}{2023},,,,]]$