Question 21 12 pts 3. Mining Corp. issued bonds with a par value of $90,000 on January 1, 2017, the annual contract rate on the bonds is 8% and the interest is paid semiannually. The bonds mature after three years, the annual market interest rate at the date of issuance was 10%, and the bonds were sold for $85,431. Required 1. Calculate the amount of the original premium or discount on these bonds 2. Calculate the total interest expense that will be recognized over the life of these bonds 3. Present journal entries for the first payments of the interest HTML Editor BIVA. A. IE3 3 x , E - O T Font Sizes Paragraph o hp