Stanford issues bonds dated January 1, 2020, with a par value of $254,000. 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 $241104 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 How much total bond interest expense will be recognized over the life of these bonds? Total Bond Interest Expense Over Life of Bands: Amount repaid payments of Par value at maturity 254.000) Totalrepaid 254.000 Loss amount borrowed 241.104 Total bond interest expense S 12,890 Required 1 Required 2 Required 3 Book Prepare an effective interest amortization table for these bonds. (Round all amounts to the nearest whole dollar.) Hint Print Cash Interest Bond Interest Expense Paid Discount Amortization Unamortized Discount erences Carrying Value Semiannual Interest Period-End 01/01/2020 06/30/2020 12/31/2020 06/30/2021 12/31/2021 06/30/2022 12/31/2022 Total