Tano Company issues bonds with a par value of $87,000 on January 1,2021 . The bonds' annual contract rate is 7%, and interest is paid semiannoally on June 30 and December 31 . The bonds mature in three years. The annul market rate at the date ot issiance is 10%. and the bonds are sold for $80,375. 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 o stralght line amoitization tabte for these bonch. Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare o straight-line amortization table for these bonds. (Round your intermediate calculations to the nearest dollar amount) Tano Company issues bonds with a par value of $87,000 on January 1,2021 . The bonds' annual contract rate is 7%, and interest is paid semiannoally on June 30 and December 31 . The bonds mature in three years. The annul market rate at the date ot issiance is 10%. and the bonds are sold for $80,375. 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 o stralght line amoitization tabte for these bonch. Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare o straight-line amortization table for these bonds. (Round your intermediate calculations to the nearest dollar amount)