quatro company issues bonds dated january 1, 2021, with a par value of $800,000. the bonds' annual contract rate is 13%, and interest 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 $819700. 1. what is the amount of the premium on these bonds at issuance?