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1 Exercise 10-4 (Algo) Straight-Line: Amortization of bond discount LO P2 25 points Tano Company issues bonds with a par value of $92,000 on January 1, 2021. The bonds annual contract rate is 10%, 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 587,480 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. Boon H Print Complete this question by entering your answers in the tabs below. ferences 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 Lite of Bonds: Amount repaid payments of Par value at matury Total repaid Loss amount borrowed Total bond interest expense 1 Exercise 10-4 (Algo) Straight-Line: Amortization of bond discount LO P2 25 points Tano Company issues bonds with a par value of $92,000 on January 1, 2021. The bonds annual contract rate is 10%, 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 is 12%, and the bonds are sold for $87,480. 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 site of these bonds? 3. Prepare a straight line amortization table for these bonds. Complete this question by entering your answers in the tabs below. Relere Required 1 Required 2 Required) Prepare a straight-line amortization table for these bonds. (Round your intermediate calculations to the nearest dollar amount.) Unamortized Discount Carrying Value Semiannual Period-End (0) (1) (2) @elease (3) (4) (5) 01/01/2021 06/30/2021 12/31/2021 06/30/2022 12/31/2022 06/30/2023 12042023 16)