Required information Exercise 10-15A (Algo) Straight-line amortization of a bond premium LO 10-5 [The following information applies to the questions displayed below.] The Square Foot Grill, Incorporated issued $300,000 of 10 -year, 8 percent bonds on July 1, Year 1, at 103. Interest is payable in cash semiannually on June 30 and December 31. The straight-line method is used for amortization. Exercise 10-15A (Algo) Part c c. What amount of interest expense will Square Foot report on the financial statements for Year 1 and Year 2