Tano Company issues bonds with a par value of $180,000 on January 1 of the current year. 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 $170,864. \begin{tabular}{l|r|r|} \hline & & \\ \hline Par value & $180,000 & \\ \hline Contract rate & 8% & \\ \hline Term & 3 & years \\ \hline Market rate & 10% & \\ \hline Proceeds & $170,864 & \\ \hline Payments per year & 2 & \\ \hline Required: & & \\ \hline \end{tabular} 1. What is the amount of the discount on these bonds at issuance? \begin{tabular}{|l|l|} \hline Discount & \\ \hline \end{tabular} 2. 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: Total repaid Less amount borrowed Total bond interest expense 3. Prepare a straight-line amortization table for these bonds. 3. Prepare a straight-line amortization table for these bonds. \begin{tabular}{|c|c|c|c|} \hline \multicolumn{3}{|c|}{ Amount of semi-annual discount amortization } & \\ \hline & \multirow{3}{*}{\begin{tabular}{l} Semiannual \\ Period-End \end{tabular}} & \multirow{3}{*}{\begin{tabular}{c} Unamortized \\ Discount \\ \end{tabular}} & \multirow[b]{3}{*}{ Carrying Value } \\ \hline & & & \\ \hline & & & \\ \hline(0) & 1/1/2023 & & \\ \hline (1) & 6/30/2023 & & \\ \hline(2) & 12/31/2023 & & \\ \hline(3) & 6/30/2024 & & \\ \hline (4) & 12/31/2024 & & \\ \hline(5) & 6/30/2025 & & \\ \hline(6) & 12/31/2025 & & \\ \hline \end{tabular}