Quatro Company issues bonds dated January 1, 2021, with a par value of $710,000. The bonds annual contract rate is 9%, 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 $728,598.

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 a straight-line amortization table for these bonds.

\begin{tabular}{|c|c|c|} \hline SemiannualInterestPeriod-End & UnamortizedPremium & CarryingValue \\ \hline 01/01/2021 & & \\ \hline 06/30/2021 & & \\ \hline 12/31/2021 & & \\ \hline 06/30/2022 & & \\ \hline 12/31/2022 & & \\ \hline 06/30/2023 & & \\ \hline 12/31/2023 & & \\ \hline \end{tabular}