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Required information

Problem $7-35($LO $7-1)($Algo$)$

$[$The following information applies to the questions displayed below.$]$

At the beginning of his current tax year, David invests $$12,080$ in original issue U$.$S$.$ Treasury bonds with a $$10,000$ face value that mature in exactly $15$ years. David receives $$780$ in interest $($ $$390$ every six months$)$ from the Treasury bonds during the current year, and the yield to maturity on the bonds is $5\mathrm{.}8$ percent.

Note: Round your intermediate calculations to the nearest whole dollar amount.

Problem $7-35$ Part$-$a $($Algo$)$

a$.$ How much interest income will he report this year if he elects to amortize the bond premium?

$\backslash$table$[[\backslash$table$[[$Semiannual$],[$Period$]],\backslash$table$[[$Adjusted$],[$Basis$],[$of Bond at$],[$Beginning of$],[$Semiannual$],[$Period$]],\backslash$table$[[$Interest$],[$Received$]],\backslash$table$[[$Premium$],[$Amortization$]],\backslash$table$[[$Reported$],[$Interest$]]],[1,12,080,390,,],[2,,390,,],[$Yearly Total,,$780,0,$$