please fill the pictures outQuatro Company Issues bonds dated January 1, 2021, with a par value of $790.000. The bonds' annual contract rate Is 9%, and InterestIs pald semiannually on June 30 and December 31. The bonds mature In three years. The annual market rate at the date of Issuance Is8%, and the bonds are sold for $810.694.2 How much total bond Interest expense will be recognized over the Iife of these bonds?3. Prepare a straight-line amortization table for these bonds. 6.66points1. 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 the3. Prepare a straight-line amortization table for these bonds.Complete this question by entering your answers in the tabs below.Required 1 Required 2Required 3Prepare a straight-line amortization table for these bonds.Note: Round your intermediate calculations to the nearest dollar amount.Semiannual Interest UnamortizedPremiumPeriod-End01/01/202108/30/202112/31/202108/30/202212/31/202208/30/202312/31/2023CarryingValue0< Required 2Required 3 Quatro Company issues bonds dated January 1, 2021, with a par value of $790,000. The bis paid semiannually on June 30 and December 31. The bonds mature in three years. TheB%, and the bonds are sold for $810,694.1. What is the amount of the premium on these bonds at Issuance?2 How much total bond Interest expense will be recognized over the life of these bond3. Prepare a straight-line amortization table for these bonds.Complete this question by entering your answers in the tabs below.Required 1 Required 2 Required 3How much total bond interest expense will be recognized over the life of these bonds?Total Bond Interest Expense Over Life of Bonds:Amount repaid:payments ofPar value at maturityTotal repaidLess amount borrowedTotal bond interest expense$< Required 10Required 3>چار

Premium on issue of bond = Issue price - Face amountTotal bond interest expense = Total semiannual interest payment + Par value at maturity - Amount BorrowedSemiannual amortization of premium = Total premium on issue of bond / Nos of semiannual periodUnamortized premum = Beginning unamortized premium - Premium amortized during the periodCarrying value = Beginning carrying value - Premium amortizedPar value of bond =$790,000Issue price = $810,694Premium on issue of bond = $810,694 - $790,000 = $20,694Computation of Semiannual cash interest paymentPar (maturity Value)Annual RateSemiannual periodSemiannual cash interest payment$7,90,000.009%2$35,550.00 Total bond interest expense over the life of bondParticularsAmountAmount Repaid:6 semiannual interest payments of $35,550 each$2,13,300.00Par Value at Maturity$7,90,000.00Total Repaid$10,03,300.00Less: Amount borrowed$8,10,694.00Total bond interest expense$1,92,606.00Semiannual premium amortization = $20,694/6 = $3,449 Semiannual interest period endUnamortized PremiumCarrying Value01-Jan-21$20,694$8,10,69430-Jun-21$17,245$8,07,24531-Dec-21$13,796$8,03,79630-Jun-22$10,347$8,00,34731-Dec-22$6,898$7,96,89830-Jun-23$3,449$7,93,44931-Dec-23$0$7,90,000Solution 1:Premium on issue of bond = $20,694Solution 2:Total interest expense = $192,606Solution 3:Refer step 4