(Algo) Straight-line: Amortization of bond discount

Exercise 14-4 (Algo) Straight-Line: Amortization of bond discount LO P2 Tano Company issues bonds with a par value of $100,000 on January 1,2021 . The bonds' annual contract rate is 8%, and intel paid semiannually on June 30 and December 31 . The bonds mature in three years. The annual market rate at the date of issua 10% and the bonds are sold for $94,923. 1. What is the amount of the discount on these bonds at issuance? 2. How much total bond interest expense will be recognized oyer the life of these bonds? 3. Prepare a straight-line amortization table for these bonds. Complete this question by entering your answers in the tabs below. Prepare a straight-line amortization table for these bonds. (Round your intermediate calculations to the nearest dollar amount.)