Check my work mode : This shows what is correct or incorrect for work you have compras Exercise 14-9 Straight-Line: Amortization of bond premium LO P3 Quatro Co. Issues bonds dated January 1, 2019, with a par value of $860,000. The bonds' annual contract rate is 10%, 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 8%, and the bonds are sold for $905,068. 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 a straight-line amortization table for these bonds. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 2 Required 3 Prepare a straight-line amortization table for these bonds. (Round your intermediate calculations to the nearest dollar amount.) Semiannual Interest Period Unamortized Premium Carrying Value $ 01/01/2019 06/30/2019 12/31/2019 06/30/2020 12/31/2020 06/30/2021 12/31/2021 89 37,557 30,045 22,534 15,023 7,510 905,068 897,557 890,045 882,534 875,023 867,510 860,000