Question: Quatro Co issues bonds dated January 1, 2019, with a par value of $700,000. The bonds' annual contract rate is 13%, and interest is paid

 Quatro Co issues bonds dated January 1, 2019, with a par
value of $700,000. 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

Quatro Co issues bonds dated January 1, 2019, with a par value of $700,000. 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 $717237 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 dollar) Cash Interest Paid Bond Interest Expense Premium Amortization Unamortized Premium Carrying Value Semiannual Interest Period End 01/01/2019 06/30/2019 12/31/2019 06/30/2020 12/31/2020 06/30/2021 17.237 s 14,364 11.491 8.619 5,746 2,873 717,237 714,364 711,491 711,491 711,491 711.491 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 How much total bond interest expense will be recognized over the life of these bords? Total Bond Interest Expense Over the Life of the Bonds: Amount repaid 6 payments of 45.500 5 273,000 Par value at maturity 700,000 Total repaid 973.000 Less amount borrowed 717,237 Total bond interest expense $ 255,763 Required Required 2 Required a What is the amount of the premium on these bonds at issuance? s 17 237 Required 2

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