Required information Problem 7-35 (LO 7-1) (Algo) [The following information applies to the questions displayed below] At the beginning of his current tax year, David invests $12,400 in original issue U.S. Treasury bonds with a $10,000 face value that mature in exactly 15 years. David recelves $520 in interest ( $260 every six months) from the Treasury bonds during the current year, and the yield to maturity on the bonds is 3.2 percent. Note: Round your intermediate calculations to the nearest whole dollar amount. Problem 7-35 Part-b (Algo) b. How much interest will he report this year if he does not elect to amortize the bond premium