Tano Company issues bonds with a par value of $$88,000$ on January $1,2021.$ The bonds' annual contract rate is $10\%,$ and interest is pald semlannually on June $30$ and December $31.$ The bonds mature in three years. The annual market rate at the date of issuance is $12\%,$ and the bonds are sold for $$83,676.$

What is the amount of the discount on these bonds at issuance?

How much total bond interest expense will be recognized over the life of these bonds?

Prepare a stralght$-$line amortization table for these bonds.

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What is the amount of the discount on these bonds at issuance?

Discount