Required information [The following information applies to the questions displayed below] At the beginning of his current tax year, David invests $12,000 in original issue U.S. Treasury bonds with a $10,000 face value that mature in exactly 10 years. David recelves $700 in interest ( $350 every six months) from the Treasury bonds during the current year, and the yield to maturity on the bonds is 5 percent. Note: Round your intermediate calculations to the nearest whole dollar omount. a. How much interest income will he report this year if he elects to amortize the bond premium