Return to questior Tano Company issues bonds with a par value of $80,000 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 $75,938. 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? ************************** 38,400 Total Bond Interest Expense Over Life of Bonds: Amount repaid: 6 payments of $ 6,400 $ Par value at maturity Total repaid Less amount borrowed Total bond interest expense 38,400 75,938 (37,538) Semiannual Period-End Unamortized Discount Carrying Value 01/01/2019 06/30/2019 12/31/2019 06/30/2020 12/31/2020 06/30/2021 12/31/2021 Required 2