Tano Company issues bonds with a par value of $99,000 on January 1, 2021. The bonds' annual contract rate is 6%, 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 $93,809.

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.

What is the amount of the discount on these bonds at issuance?

Discount:

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

Prepare a straight-line amortization table for these bonds.

Note: 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