Exercise 10-4 Straight-Line: Amortization of bond discount LO P2 Tono Company issues bonds with a par value of $96,000 on January 1, 2019. 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 $88.923 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 7,077 Required Required 2 > vurit LO P2 Tano Company issues bonds with a par value of $96.000 on January 1, 2019. The bonds' annual contract rate is 9%, 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 12%, and the bonds are sold for $88,923 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 interest expense will be recognized over the life of these bonds? otal Bond Interest Expense Over Life of Bonds: mount repaid 6 payments of S 432,000 $ 2,592,000 Par value at maturity al repaid 2,592,000 Samount borrowed bond interest expense $ 2,592,000 Exercise 10-4 Straight-Line: Amortization of bond discount LO P2 Tano Company issues bonds with a par value of $96,000 on January 1, 2019. 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 $88.923 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) repare a straight-line amortization table for these bonds. (Round your intermediate calculations to the nearest dollar mount.) miannual Period- Unamortized Carrying End Discount Value 01/01/2019 06/30/2019 12/31/2019 06/30/2020 12/31/2020 6/30/2021 2/31/2021