Tano Company issues bonds with a par value of $92,000 on January 1, 2021. The bonds' annual contract rate is 10%, 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 $87,480. 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 a straight-line amortization table for these bonds. Complete this question by entering your answers in the tabs below. ces Required 1 Required 2 Required 3 Prepare a straight-line amortization table for these bonds. Note: Round your intermediate calculations to the nearest dollar amount. M 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