IThe following information applies to the questions displayed belowj 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 receives $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. (Round your intermediate calculations to the nearest whole dollar amount.) Required information 1.07 points a. How much interest income will he report this year if he elects to amortize the bond premium? Semiannual of Bond at Interest Premium Reported Period Beginning of Received Amortization Interest Semiannual Yearly Total