Exercise 14-8 Allocation of Interest for bonds sold at a discount Lo5 CHECK AGURE . Total Interest expense - $33,595 Huskey Mining Corporation issued bonds with a par value of $105,000 on January 1, 2020. The annual con- tract rate on the bonds is 9%, and the interest is paid semiannually. The bonds mature after three years. The annual market interest rate at the date of issuance was 11%, and the bonds were sold for $99,755. What is the amount of the original discount on these bonds? b. How much total bond interest expense will be recognized over the life of these bonds