Quatro Company issues bonds dated January $1,2021,$ with a par value of $$700,000.$ The bonds' annual contract rate is $13\%,$ and interest is paid semiannually on June $30$ and December $31.$ The bonds mature in three years. The annual market rate at the date of issuance is $12\%,$ and the bonds are sold for $$717,237.$

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.

Answer is complete but not entirely correct.

Complete this question by entering your answers in the tabs below.

Required $1$

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$]],\backslash$table$[[$Carrying$],[$Value$]]],[\frac{01}{01}\frac{?}{2021},17,237,717,237],[\frac{06}{30}\frac{?}{2021},14,771x,714,771x$