Quatro Co. issues bonds dated January 1, 2017, with a par value of $780,000. 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 $799,207. 1. What is the amount of the premium on these bonds at issuance? I got $19,207 2. How much total bond interest expense will be recognized over the life of these bonds?

How much total bond interest expense will be recognized over the life of these bonds?

Total Bond Interest Expense Over Life of Bonds:
Amount repaid:
6	payments of	$8,450	$50,700
Par value at maturity			780,000
Total repaid			830,700
Less amount borrowed			(799,207)
Total bond interest expense			$31,493

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

Prepare an amortization table for these bonds; use the straight-line method to amortize the premium. (Round your intermediate calculations to the nearest dollar amount.)

Semiannual Interest Period-End	Unamortized Premium	Carrying Value
01/01/2017
06/30/2017
12/31/2017
06/30/2018
12/31/2018
06/30/2019		0
12/31/2019