hapter 10 Homework Help Save & Exit Submit 4 Exercise 10-13B Effective Interest: Amortization of bond discount LO PS 0 oints Stanford issues bonds dated January 1, 2017, with a par value of $252,000. The bonds' annual 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 8%, and the bonds are sold for $245,391. contract rate is 7%, and interest Skipped 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 an amortization table using the effective interest method to amortize the discount for these bonds. Complete this question by entering your answers in the tabs below Required 1 Required 2 Required3 What is the amount of the discount on these bonds at issuance