Welch issues bonds dated January 1, 2011, with a par value of $250,000. 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 $231,570. 1. What is the amount of the discount on these bonds at issuance? (Omit the "S" sign in your response.) Discount $ 2. How much total bond interest expense will be recognized over the life of these bonds? (Do not round intermediate calculations. Omit the "$" sign in your response.) Total bond interest expense $ 3. Prepare an amortization table for these bonds; use the effective interest method to amortize the discount. (Make sure that the unamortized discount equals to "0" and the Carrying value equals to face value of the bond in the last period. Leave no cells blank - be certain to enter "0" wherever required. Bond interest expense in the last period should be calculated as Cash interest paid (+) Discount amortized. Round your intermediate calculations and final answers to the nearest dollar amount. Omit the "$" sign in your response.) (A) Cash Interest Paid (B) Bond Interest Expense (C) Discount Amortization (D) Unamortized Discount (E) Carrying Value $ Semiannual Interest Period-End 1/01/2011 6/30/2011 12/31/2011 6/30/2012 12/31/2012 6/30/2013 12/31/2013 Total