Exercise 10-4 (Static) Straight-Line: Amortization of bond discount LO P2 Tano Company issues bonds with a par value of $180,000 on January 1, 2020. The bonds' annual contract rate is 8%, and Interest is pald semiannually on June 30 and December 31. The bonds mature in three years. The annual market rate at the date of Issuance is 10%, and the bonds are sold for $170,862. 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 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 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 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. Semiannual Period- End Unamortized Discount Carrying Value (0) 01/01/2020 06/30/2020 (1) (2) (3) 12/31/2020 06/30/2021 12/31/2021 (5) 06/30/2022 (6) 12/31/2022