Exercise 14-4 Straight-Line: Amortization of bond discount LO P2 Tano Company issues bonds with a par value of $95,000 on January 1, 2019. The bonds' annual contract rate is 8%, 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 10%, and the bonds are sold for $90,177. 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 Answer is not complete. 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 90177 payments of $ 95,000 8,566,815,000 Par value at maturity 95,000 Total repaid 8,566,910,000 Loss amount borrowed 4,823 S Total bond interest expense 8,566 905 177 10%, and the bonds are sold for $90,177. 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 3. Prepare a straight-line amortization table for these bonds. Answer is not complet 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 the Total Bond Interest Expense Over Life of Bonds: Amount repaid: 6 payments of $ 15,029 $ Par value at maturity Total repaid Less amount borrowed Total bond interest expense 90,174 95,000 185,174 90,177 94,997