Term Market Proceeds Payments rate per year 8% 3 10% $170,864 2 Tano Company issues bonds with a par value of $180,000 on January 1, 2021. The bonds' annual Par value contract rate is 8%, 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 10%, and the bonds are sold for $170,864. Required: 1. What is the amount of the discount on these bonds at issuance? (Use cells A2 to M5 from the given information to complete this question.) Discount $9,136 2. How much total bond interest expense will be recognized over the life of these bonds? (Use cells A2 to M5 from the given information to complete this question. Negative amounts or amounts to be deducted should be input and displayed as negative values.) Total Bond Interest Expense Over Life of Bonds: Amount repaid: 6 Total repaid payments of Par value at maturity Less amount borrowed Total bond interest expense $7,200 $43,200 180,000 223,200 (170,864) $52,336 $180,000 Contract rate 3. Prepare a straight-line amortization table for these bonds. Amount of semi-annual discount amortization $1,523 Semiannual Unamortized Period-End Discount Carrying Value (0) 1/1/2021 $9,136 $170,864 (1) 6/30/2021 7,615 172,387 (2) 12/31/2021 6,092 173,910 (3) 06/30/2022 4,569 175,433 (4) 12/31/2022 3,046 176,956 (5) 06/30/2023 1,523 178,479 (6) 12/31/2023 0 180,000