Stanford issues bonds dated January 1, 2021, with a par value of $500,000. 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 $463,120. Required: 1. What is the amount of the discount on these bonds at issuance? (Use cells A2 to L5 from the given information to complete this question.) Discount Par Value Contract Term Market Issue Payments rate (years) rate Price per year $500,000 9% 3 12% $463,120 2 2. How much total bond interest expense will be recognized over the life of these bonds? (Use cells A2 to L5 from the given information to complete this question. Negative amounts or amounts to be deducted should be input and displayed as negative values.) Total Bond Interest Expense Over Life of Bonds: Amount repaid: payments of Par value at maturity Total repaid Less amount borrowed Total bond interest expense 3. Prepare an effective interest amortization table for these bonds. (Use cells A2 to L5 from the given information to complete this question.) Semiannual Interest Cash Interest Bond Interest Discount Unamortized Carrying Paid Expense Amortization Discount Value Period-End 1/1/2021 6/30/2021 12/31/2021 6/30/2022 12/31/2022 6/30/2023 12/31/2023 Total