Tano Company issues bonds with a par value of $$180,000$ on January $1$ of the current year. The

bonds' annual contract rate is $8\%,$ and interest is paid semiannually on June $30$ and December

The bonds mature in three years. The annual market rate at the date of issuance is $10\%,$ and

the bonds are sold for $$170,864.$

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.

Cell C$39$ must not be blank

Formula must return

a POSITIVE value.

Students: The scratchpad area is for you to do any additional work you need to solve this question or can be used to show your work.

Nothing in this area will be graded, but it will be submitted with your assignment.