Welch issues bonds dated January I, 2013, with a par value of $250,000. The contract rate is 9%, and interest is paid semiannually on June 30 and December 31 mature in three years. The annual market rate at the date of issuance is 12%, and the sold for $231,570. (35%) 1. What is the amount of the discount on these bonds at issuance? bonds annual 250. ) ?-2315m: 18,4), 2. How much total bond interest expense will be recognized over the life of these bonds? an amortization table for this bond; use the effective interest method to amortize the discount. Bond interest Discount Unamortized Carrying Cash Interest Period-End interest paid expense amortization discount 2013/1/1 2013/6/3025 2013/12/3125 2014/6/30 | 11,250 2014/12/31 2s 2015/6/30 (,2s 2015/12/311,5 amount $18,430$231,570