Stanford issues bonds dated January 1, 2021, with a par value of $258,000. 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 $244,471.   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 an effective interest amortization table for these bonds.   Don't give answer in image format

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