14 25 Stanford issues bonds dated January 1, 2019, with a par value of $248,000. The bonds annual contract rate is 7%, 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 10% and the bonds are sold for $229,115 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 effective interest amortization table for these bonds. ebook Complete this question by entering your answers in the tabs below. Print rences Required 1 Requiled 2 Required 3 How much total bond interest expense will be recognized over the life of these bonds? Total Bond Interest Expense Over Life of Bonds: Amount repaid payments of $ 8,680 52,080 Par value at maturity Totalrepaid 52,080 Less amount borrowed Total bond interest expense S 52,080 14 6.25 points Stanford issues bonds dated January 1, 2019, with a par value of 5248,000. The bonds annual contract rate is 7%, and interest is semiannually on June 30 and December 31. The bonds mature in three years. The annual market rate at the date of issuance is 1 and the bonds are sold for $229115 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 effective interest amortization table for these bonds. eBook Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required Prepare an effective interest amortization table for these bonds. (Round all amounts to the nearest whole dollar. Print Cash Interest Bond Interest Paid Expense References Discount Amortization Unamortized Discount Carrying Value $ 18.885 $ 229, 115 Semiannual Interest Period-End 01/01/2019 06/30/2019 12/31/2019 06/30/2020 12/31/2020 06/30/2021 12312021 Total 8.680