Crane Cars Co. issued $2.2 million of 10%,5-year bonds on January 1,2021 . The bonds were dated January 1 and pay interest annually. The bonds are secured with real estate holdings. The market interest rate was 9% for these bonds. Crane has a calendar year end. Click here to view the factor table. Present Value of 1 Click here to view the factor table. Present Value of an Annuity of 1 Calculate the price of the bonds. (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 0 decimal places, e. . 1,575.) Record the bond issue. (Credit account titles are automatically indented when the amount is entered. Do not indent manually if no entry is required, select "No Entry" for the account titles and enter O for the amounts.) 2uestion 3 of 4 (To record issuance of bonds.) eTextbook and Media List of Accounts Question Part Score /0.3 Prepare an effective interest amortization table for these bonds, (Round answers to 0 decimal places, e.8. 5,275.) CRANE CARS CO. Prepare an effective interest amortization table for these bonds. (Round answers to 0 decimal places, e.g. 5,275.) tion3 of 4 Date Account Titles and Explanation Jan.1, Interest Expense 2022 Bonds Payable Cash (To record interest payment.) \begin{tabular}{lll} Jan. 1. Interest Expense \\ 2023 & I \\ & & \\ \hline \end{tabular} Bonds Payable Cash 220000 (To record interest payment.) tan.1 2024 Interest Expense (To record interest payment.) ist of Accounts tion Part Score for Later