Sutherland Corporation issues bonds with a par value of $97,000 on January 1, 2020. Interest is paid semiannually, the bonds mature in 3 years, and the bonds' annual contract rate is 10%. The annual market rate at the date of issuance is 12% and the bonds are sold for $92,234. 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 straight-line method to amortize the discount for these bonds. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 What is the amount of the discount on these bonds at issuance? Discount Required 1 Required 2 Required 3 Prepare an amortization table using the straight-line method to amortize the discount for these bonds. (Round your intermediate calculations to the nearest dollar amount.) Required i Required 2 Required 3 How much total bond interest expense will be recognized over the life of these bonds? Semiannual Period- Unamortized End Discount 01/01/2020 Carrying Value 06/30/2020 12/31/2020 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 06/30/2021 0 12/31/2021 06/30/2022 $ 0 12/31/2022