Quatro Company issues bonds dated January 1, 2021, with a par value of $400,000. 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 $409,850. 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 an effective interest amortization table for these bonds. Complete this question by entering your answers in the tabs below. Required 1 Renwired 2 Required 3 Required 2 What is the amount of the premium on these bonds at issuance? Premium Required 2 > Quatro Company issues bonds dated January 1 2021, with a par value of $400,000. 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 $409,850 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 an effective interest amortization table for these bonds. Complete this question by entering your answers in the tabs below. es Required 1 Required 2 Required Prepare an effective interest amortization table for these bonds. (Round all amounts to the nearest whole dollar) Cash Interest Bond Interest Paid Expense Premium Amortization Unamortized Premium Carrying Value $ Semiannual Interest Period End 01/01/2021 06/30/2021 12/31/2021 06/30/2022 12/31 2022 5 + 26,000 5 26.000 25 000 26.000 27642 27 642 27.542 27.6421 9.850 8.208 6.566 4.924 409,850 408.208 406,566 406.566 406.566