Stanford issues bonds dated January 1, 2017, with a par value of $245,000. 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 $226,938. 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 amortization table using the effective interest method to amortize the discount for these bonds. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required3 Prepare an amortization table using the effective interest method to amortize the discount for these bonds. (Round all amounts to the nearest whole dollar.) Cash Interest Bond InterestDiscount Unamortized Interest Carrying Value Paid Expense Amortization Discount Period-End 01/01/2017 06/30/2017 12/31/2017 06/30/2018 12/31/2018 06/30/2019 12/31/2019 Total Required 2 Required 3