Dell Co. issues bonds dated January 1, 2009, with a par value of $865,830. The bonds' annual contract rate is 11%, 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 10%, and the bonds are sold for$883,500.

Required:
1. What is the amount of the premium on these bonds at issuance? (Omit the "$" sign in your response.) Premium$ 17,670

2. How much total bond interest expense will be recognized over the life of these bonds? (Round your answer to the nearest dollar amount. Omit the "$" sign in your response.) Total bond interest expense$

3. Prepare an amortization table like the one in Exhibit 10.11 for these bonds; use the straight-line method to amortize the premium. (Make sure that the unamortized premium is adjusted to "0" in the last period. Round your answers to the nearest dollar amount. Omit the "\$" sign in your response.)

Semiannual
Interest
Period-End
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