Stanford issues bonds dated January 1, 2019, with a par value of $260,000. The bonds' annual contract rate is 9%, 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 12%, and the bonds are sold for $240,832. 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 effective interest amortization table for these bonds. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 What is the amount of the discount on these bonds at issuance? Discount $ 19,168 Stanford issues bonds dated January 1, 2019, with a par value of $260,000. The bonds' annual contract rate is 9%, 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 12%, and the bonds are sold for $240,832. 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 effective interest amortization table for these bonds. 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? $ Total Bond Interest Expense Over Life of Bonds: Amount repaid: 6 payments of $ 11,700 Par value at maturity Total repaid Less amount borrowed Total bond interest expense 70,200 260,000 330,200 240,832 89,368 $ Required 1 Required 3 > Stanford issues bonds dated January 1, 2019, with a par value of $260,000. The bonds' annual contract rate is 9%, 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 12%, and the bonds are sold for $240,832. 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 effective interest amortization table for these bonds. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare an effective interest amortization table for these bonds. (Round all amounts to the nearest whole dollar.) Semiannual Interest Period-End Cash Interest Paid Bond Interest Expense Discount Amortization Unamortized Care d Carrying Value Discount 01/01/2019 $ $ 06/30/2019 $ $ $ 2,750 19,168 16,418 240,832 243,582 14,450 14,615 12/31/2019 06/30/2020 12/31/2020 06/30/2021 12/31/2021 11,700 11,700 11,700 11,700 11,700 11,700 70,200 11, 7000 89,368 $ 19,168 Total $ $