Stanford Issues bonds dated January 1, 2021, with a par value of $500,000. 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 $463,140. 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 Bond Interest Pald Expense Discount Amortization Unamortized Discount Carrying Value 01/01/2021 $ 36,860 $ 463,140 06/30/2021 $ 22,500 $ 20,841 12/31/2021 22,500 06/30/2022 22,500 12/31/2022 22,500 06/30/2023 22,500 12/31/2023 22,500 22,500 0 Total $ 135,000 $ 171,800 $ 36,860