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Quatro Company issues bonds dated January 1, 2021, with a par value of $810,000. The bonds' annual contract rate is 12%, and interest is

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Quatro Company issues bonds dated January 1, 2021, with a par value of $810,000. The bonds' annual contract rate is 12%, 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 10%, and the bonds are sold for $851,101. 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. Answer is not complete. 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. Semiannual Interest Period- End 01/01/2021 Unamortized Premium Carrying Value $ 41,101 $ 851,101 35,056 845,056 06/30/2021 12/31/2021 28,709 838,708 06/30/2022 22,044 832,043 12/31/2022 15,046 825,045 06/30/2023 8,195 818,195 12/31/2023 0 810,000

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