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 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: (x) Answer is not complete. Complete this question by entering your answers in the tabs below. 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. (Round your intermediate calculations to amount.) Paulson Company issues 9%, four-year bonds, on January 1 of this year, with a par value of $94,000 and semiannual interest payments. Use the above straight--ine bond amortization table and prepare journal entries for the following. (a) The issuance of bonds on January 1. (b) The first interest payment on June 30. (c) The second interest payment on December 31. Journal entry worksheet Record the first interest payment on June 30. Note: Enter debits before credits. Journal entry worksheet Record the second interest payment on December 31. Note: Enter debits before credits