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Exercise 10-4 (Algo) Straight-Line: Amortization of bond discount LO P2 Tano Company issues bonds with a par value of $98,000 on January 1, 2021, The bonds' annual contract rate is 7$, 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 tork and the bonds are sold for $90,537. 1. What is the amount of the discount on these bonds at issuance? 2. How much total bond interest expense will be recognized over the life of these bonds? 3. Prepare a straight-line amortization table for these bonds: Complete this question by entering your answers in the tabs below. What is the amount of the discount on these bonds at issuance? Exercise 104 (Algo) Straight-Line: Amortization of bond discount LO P2 Tano Company issues bonds with a par volue of $98,000 on January 1, 2021. The bonds annual contract rate is 7 in and interest is paid sembannually on June 30 and December 31 . The bonds mature in theee years. The annual market rate at the date of issuance is to: and the bonds are sold for $90,537. 1. What is the amount of the discount on these bonds at issuance? 2. How much total bond interest expense will be recognized over the life of these bonds? 3. Prepare a straight-line amortization tabie for these bonds. Complete this question by entering your answers in the tabs below. How much total bond interest expense will be recognized over the life of these bonds? Exercise 10-4 (Algo) Straight-Line: Amortization of bond discount LO P2 Tano Company issues bonds with a par value of $98,000 on January 1, 202. The bonds' anrwal contract rate is 7, and interest is palit semiannually on June 30 and December 31 . The bonds mature in three years. The annual market rate at the date of issuance is 10 of and the bonds are soid for 590,537 1. What is the amount of the discount on these bonds at issuance? 2. How much total bond interest expense will be recognized over the life of these bonds? 3. Prepare a straight-line amortization table for these bonds. Complete this question by entering your answers in the tabs below. Bropore a straight-line amertiaatitn table for these bonds. (Round your intermediate calculstions to the nearest dollar amount.)

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