Exercise 14-4 Straight-Line: Amortization of bond discount Tano Company issues bonds with a par value of $180,000 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 the 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 like Exhibit 14.7 for these bonds. P2 Semiannual Period-End Unamortized Discount Carrying Value EXHIBIT 14.7 Straight-Line Amortization of Bond Discount (0) 12/31/2019... (1) 6/30/2020 (2) 12/31/2020 (3) 6/30/2021. (4) 12/31/2021 $3,600 2,700 1,800 $ 96,400 97,300 98,200 99.100 100,000 900 The columns always sum to par value for discount bonds. um af 600 lace accumulated periodic amortization of