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Tano Company issues bonds with a par value of $ 8 5 , 0 0 0 on January 1 , 2 0 2 1 .

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Tano Company issues bonds with a par value of $85,000 on January 1,2021. 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 $80,684.
What is the amount of the discount on these bonds at issuance?
How much total bond interest expense will be recognized over the life of these bonds?
Prepare a straight-line amortization table for these bonds.
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How much total bond interest expense will be recognized over the life of these bonds?
\table[[Amount repaid:],[payments of,],[Par value at maturity],[Total repaid,0],[Less amount borrowed,],[Total bond interest expense,$
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