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Tano Company issues bonds with a par value of $100,000 on January 1,2021 . The...

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Accounting

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Tano Company issues bonds with a par value of $100,000 on January 1,2021 . The bonds' annual 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 $94,923. 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. Prepare a straight-line amortization table for these bonds. Note: Round your intermediate calculations to the nearest dollar amount

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