Tano Company issues bonds with a par value of $$93,000$ on January $1,2021.$ The bonds' annual contract rate is $7\%,$ and interest is paid semiannually on June $30$ and December $31.$ The bonds mature in three years. The annual market rate at the date of issuance is $8\%,$ and the bonds are sold for $$90,561.$

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.

Complete this question by entering your answers in the tabs below.

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Required $2$

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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:

$\backslash$table$[[$Par value at maturity,$],[$Total repaid,$],[$Less amount borrowed,$],[$Total bond interest expense,$]]$