Tano issues bonds with a par value of $94,000 on January 1, 2013. 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 $89,071. 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? Use the straight-line method to amortize the discount for these bonds