Exercise 10-2 Straight-Line: Amortization of bond discount LO P2 Tano issues bonds with a par value of S97000 on January 1, 2017 The bonds, annual contract rate is 10%, and interest is pa semiannually on June 30 and December 31. The bonds mature in three years. The annual market rate at the d and the bonds are sold for $92,234 id 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 amortization table using the straight-line method to amortize the discount for these bonds. Complete this question by entering your answers in the tabs below Required 1 Required 2 Required 3 What is the amount of the discount on these bonds at issuance? Required 2 Exercise 10-2 Straight-Line: Amortization of bond discount LO P.2 s bonds with a par value of $97,000 on January 1, 2017 The bonds' annual contract rate is 10%, and interest is paid Tano issue semiannual y on June 30 and December 31 The bonds mature in three years. The annual market rte at the date of issuance is 12%, and the bonds are sold for $92,234 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 amortization table using the straight-line method to amortize the discount for these bonds. Complete this question by entering your answers in the tabs below. Required 1Required 2 Required3 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 Par value at maturity Total repaid Less amount borrowed Total bond interest expense and the bonds are sold for $92,234 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 amortization table using the straight-line method to amortize the discount for these bonds. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare an amortization table using the straight-line method to amortize the discount for these bonds. (Round your intermediate calculations to the nearest dollar amount.) nual Period- Unamortized End Discount Value 01/01/2017 06/30/2017 12/31/2017 06/30/2018 2/31/2018 06/30/2019 2/31/2019 Required 2