MO6 Ch 10 Homework 1 Saved Help Save & Exit Submit 4 Stanford issues bonds dated January 1, 2019, with a par value of $255,000. The bonds' annual contract rate is 9%, 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 $236,201. 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 an effective interest amortization table for these bonds. 6 points 01:47:11 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 eBook Prepare an effective interest amortization table for these bonds. (Round all amounts to the nearest whole dollar.) Semiannual Interest Period-End Cash Interest Paid Bond Interest Expense Discount Amortization Unamortized Discount Carrying Value $ 18,799 $ 236,201 $ 01/01/2019 06/30/2019 12/31/2019 06/30/2020 12/31/2020 06/30/2021 11,475 11,475 11,475 11,475 12/31/2021 11,475 11,475 68,850 $ 0 11,475 87,649 Total $ S 18,799