Exercise 10.4 (Algo) Straight-Line: Amortization of bond discount LO P2 Tano Company issues bonds with a par value of $94,000 on January 1,2021. 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 $89,071. 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. Prepate a straight-fine 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. fiote: Round your intermodiate calculations to the nearest dol lar amount. Prepare a straight-line amortization table for these bonds. Note: Round your intermediate calculations to the nearest dollar amount