blem Solving Saved Help Save & Exit Check m ances Tano Company issues bonds with a par value of $87,000 on January 1, 2019. The bonds' annual contract rate is 7%, 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 $80,375. 1. What is the amount of the discount 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. Required 11 Required 2 Required 3 What is the amount of the discount on these bonds at issuance? Discount Required 2 > Mc Grow er 14-Problem Solving Seved 3 33 oints Skipped eBook Hint References Tano Company issues bonds with a par value of $87,000 on January 1, 2019. The bonds' annual contract rate is 7%, and interes semiannually on June 30 and December 31. The bonds mature in three years. The annual market rate at the date of issuance is and the bonds are sold for $80,375. 1. What is the amount of the discount 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. Required 1 Required 2 Required 3 How much total bond interest expense will be recognized over the life of these bonds? Total Bond Interest Expense Over Life of Bonds: Amount repaid: Total repaid payments of Par value at maturity Less amount borrowed Total bond interest expense Mc Gew ed semiannually on June 30 and December 31. The bonds mature in three years. The annual market rate at the date of issu and the bonds are sold for $80,375. 1. What is the amount of the discount 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. bok Required 1 Required 2 Required 3 Hint erences Mc Grae Prepare a straight-line amortization table for these bonds. (Round your intermediate calculations to the nearest dollar amount.) Semiannual Period- Unamortized End Discount Carrying Value 01/01/2019 06/30/2019 12/31/2019 06/30/2020 12/31/2020 06/30/2021 12/31/2021