Tony Hawk's Adventure (THA) issued callable bonds on January 1, 2018. THA's accountant has projected the following amortization schedule from issuance until maturity: Cash Paid Carrying Value Increase in Interest Date Expense Carrying Value $194,758 1/1/2018 $790 $7,000 $7,790 195,548 6/30/2018 7,000 12/31/2018 7,822 196,370 822 7,000 7,855 197,225 6/30/2019 855 7,889 889 12/31/2019 7,000 198,114 7,000 7,000 7,925 199,039 6/30/2020 925 200,000 12/31/2020 7,961 961 The THA bonds have a life of: 6 years. Cannot be determined from the given information. 2 years. 3 years. A bond issued at a discount indicates that at the date of issue: Its stated rate was lower than the prevailing market rate of interest on similar bonds. Its stated rate was higher than the prevailing market rate of interest on similar bonds. The bonds must be non-interest bearing. The bonds we re issued at a price greater than their face value