Required Information [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 receives $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. (Round your Intermediate calculations to the nearest whole dollar amount.) a. How much interest income will he report this year if he elects to amortize the bond premium? Semiannual Period Interest Received Premium Amortization Reported Interest Adjusted Basis of Bond at Beginning of Semiannual Period S 12,400 12,338 S 280 $ 62 $ 198 1 2 Yearly Total 260 520 (135) (73) S s $ 198