Required information [The following information applies to the questions displayed below] At the beginning of his current tax yeat, David invests $12,000 in original issue U.S. Treasury bonds with a $10,000 face value that mature in exactly 10 years. David receives $700 in interest ( $350 every six months) from the Treasury bonds during the current year, and the yleld to maturity on the bonds is 5 percent. Note: Round your intermediate calculations to the nearest whole dollar amount. b. How much interest will he report this year if he does not elect to amortize the bond premium