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Exercise 10-4 (Algo) Straight-Line: Amortization of bond discount LO P2 Tano Company issues bonds with a par value of $91,000 on January 1, 2021. The

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Exercise 10-4 (Algo) Straight-Line: Amortization of bond discount LO P2 Tano Company issues bonds with a par value of $91,000 on January 1, 2021. The bonds' annual contract rate is 9%, 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 12%, and the bonds are sold for $84.291 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 a straight-line amortization table for these bonds. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a straight-line amortization table for these bonds. (Round your intermediate calculations to the nearest dollar amount.) Semiannual Period End Unamortized Discount Carrying Value (0) (1) (2) (3) (4) 01/01/2021 06/30/2021 12/31/2021 06/30/2022 12/31/2022 06/30/2023 12/31/2023 (5) (6) BE Exercise 10-4 (Algo) Straight-Line: Amortization of bond discount LO P2 Tano Company issues bonds with a par value of $91,000 on January 1, 2021. The bonds' annual contract rate is 9%, 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 12% and the bonds are sold for $84,291 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 a straight-line amortization table 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? Discount Rewed 1 Required 2 > Exercise 10-4 (Algo) Straight-Line: Amortization of bond discount LO P2 Tano Company issues bonds with a par value of $91,000 on January 1, 2021. The bonds' annual contract rate is 9 semiannually on June 30 and December 31. The bonds mature in three years. The annual market rate at the date and the bonds are sold for $84,291. 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 a straight-line amortization table for these bonds. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 How much total bond Mhterest expense will be recognized over the life of these bonds? Total Bond Interest Expense Over Life of Bonds: Amount repaid 6 payments of 4,095 $ Par value at maturity Total repaid Less amount borrowed $ Total bond interest expense 24,570 91.000 115,570 84,291 31 279

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