On February 1, 2020, Donzer Corporation issued 6% bonds, dated February 1, with a face amount of $110 million. The bonds mature on January 31, 2023 (3 years). The market yield for bonds of similar risk and maturity was 5%. Interest is paid semiannually on July 31 and January 31. Kasmier Company acquired $11 million of the bonds as a long-term investment. The fiscal years of both firms end December 31.

1. Determine the price of the bonds issued on February 1, 2020.
2. Prepare amortization schedules that indicates the bond activity for both Donzer and Kasmier,
3. Prepare all journal entries by Donzer and Kasmier for the life of the bonds.