Tano Company issues bonds with a par value of $91,000 on January 1, 2021. The bonds' annual contract rate is 9%, 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 12%, and the bonds are sold for $84,291. 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?

Total Bond Interest Expense Over Life of Bonds:
Amount repaid:
	payments of
Par value at maturity
Total repaid
Less amount borrowed
Total bond interest expense

3. Prepare a straight-line amortization table for these bonds. (Round your intermediate calculations to the nearest dollar amount.)

	Semiannual Period-End	Unamortized Discount	Carrying Value
(0)	01/01/2021
(1)	06/30/2021
(2)	12/31/2021
(3)	06/30/2022
(4)	12/31/2022
(5)	06/30/2023
(6)	12/31/2023