Quatro Co. issues bonds dated January 1, 2017, with a par value of $890,000. The bonds annual contract rate is 12%, 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 10%, and the bonds are sold for $935,160.

3. Prepare an amortization table for these bonds; use the straight-line method to amortize the premium.