Exercise 10-19B Effective Interest: Amortization of bond premium LO P6 swel Quatro Co. issues bonds dated January 1, 2019, with a par value of $880,000. The bonds' annual contract rate is 13%, and interest is paid semiannually on June 30 and December 31. The bonds mature in three years. The annual market rate at the date of issuance is 12%, and the bonds are sold for $901,670. 1. What is the amount of the premium on these bonds at issuance? 2. How much total bond interest expense will be recognized over the life of these bonds? 3. Prepare an effective interest amortization table for these bonds. eres nces Complete this question by entering your answers in the tabs below. LO PC Je of sa lese bo tereste Requires 1 Required 2 Required 3 suer's ca What is the amount of the premium on these bonds at issuance? Premium Required 2 ognized on Exercise 10-190 Effective Interest: Amortization of bond premium LO P6 Quatro Co. issues bonds dated January 1, 2019, with a par value of $880,000. The bonds' annual contract rate is 13%, and interest is paid semiannually on June 30 and December 31. The bonds mature in three years. The annual market rate at the date of issuance is 12%, and the bonds are sold for $901,670 1. What is the amount of the premium on these bonds at issuance? 2. How much total bond interest expense will be recognized over the life of these bonds? 3. Prepare an effective interest amortization table for these bonds. Complete this question by entering your answers in the tabs below. L les tere Suer Required 1 Required2 Required 3 Required 2 How much total bond interest expense will be recognized over the life of these bonds? Total Bond Interest Expense over the Life of the Bonds: Amount repaid payments of Par value at maturity Totalrepaid 0 Les amount borrowed Total bond interest expense $ ognized 0 he first in Quatro Co. issues bonds dated January 1, 2014, with a par value of $880,000. The bonds' annual contract rate is 13%, and interest is paid semiannually on June 30 and December 31. The bonds mature in three years. The annual market rate at the date of issuance is 12%, and the bonds are sold for $901,670 1. What is the amount of the premium on these bonds at issuance? 2. How much total bond interest expense will be recognized over the life of these bonds? 3. Prepare an effective interest amortization table for these bonds. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare an effective interest amortization table for these bonds. (Round all amounts to the nearest whole Premium Amortization Unamortized Premium Carrying Value Semiannual Interest Cash Interest Bonefnterest Pald Period-End Expanse 01/01/2019 06/30/2019 12/31/2010 06/30/2020 12/31/2020 06/30/2021 12/31/2021 Total