21 Exercise 10-19B (Algo) Effective Interest: Amortization of bond discount LO P5 0.68 points Stanford issues bonds dated January 1, 2021, with a par value of $247,000. The bonds' annual contract rate is 6%, 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 8%, and the bonds are sold for $234,048. Skloped 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. Hint Required 1 Required 2 Required 3 Print What is the amount of the discount on these bonds at issuance? Discount References Recured Required 2 > 21 Exercise 10-19B (Algo) Effective Interest: Amortization of bond discount LO P5 0.68 Doints Stanford issues bonds dated January 1, 2021, with a par value of $247.000. The bonds' annual contract rate is 6%, 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 3%, and the bonds are sold for $234,048 Skipped 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. Hint Required 1 Required 2 Required 3 Print How much total bond Interest expense will be recognized over the life of these bonds? References Total Bond Interest Expense Over Life of Bonds: Amount repaid: payments of Par value at maturity Total repaid Less amount borrowed Total band interest expense 0 (Required 1 Required 3 > 21 Exercise 10-19B (Algo) Effective Interest: Amortization of bond discount LO P5 0.68 Doints Stanford issues bonds dated January 1, 2021, with a par value of $247,000. The bonds' annual contract rate is 6%, 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 8%. and the bonds are sold for $234,048 Skipped 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. Hint Required 1 Required 2 2 Required 3 Print Prepare an effective interest amortization table for these bonds. (Round all amounts to the nearest whole dollar.) . References Semiannual Interest Period-End Cash Interest Bond Interest Paid Expense Discount Amortization Unamortized Discount Carrying Value 01/01/2021 08/30/2021 12/31/2021 06/30/2022 12/31/2022 08/30/2023 12/31/2023 Total