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Quatro Co, issues bonds dated January 1,2019 , with a par value of $400,000. The...

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Accounting

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Quatro Co, issues bonds dated January 1,2019 , with a par value of $400,000. 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 $409,850. 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 a straight-line amortization table for these bonds. Complete this question by entering your answers in the tabs below. Prepare a straight-line amortuation table for these bonds. (Round your intermediate calculations to the nearest dollar amount)

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