On February 1. 2021, Cromley Motor Products issued 6% bonds, dated February 1, with a face amount of $50 million. The bonds mature on January 31, 2025 (4 years). The market yield for bonds of similar tisk and maturity was 8%. Interest is paid semiannually on July 31 and January 31 . Barnwell industries acquired $50,000 of the bonds as a longterm irvestment. The fiscal years of both firms end December 31. (IV of S1. PV of.S1. EVA of S1, PVA of S1, EVAD of S1 and DVAD of S1) (Use appropriate foctor(s) from the tables provided.) Required: 1. Determine the price of the bonds issued on February 1.2021. 2.a. Prepare amortization schedules that indicate Cromiey's effective interest expense for each interest perlod during the term to maturity. 2.b. Prepare amortization schedules that indicate Barnwell's effective interest revenue for each interest perlod during the term to maturily: 3. Prepare the journal entries to record the issuance of the bonds by Cromley and Barnwell's investment on February 1,2021. 4. Prepare the journal entries by both firms to record all subsequent events related to the bonds through January 31.2023. Complete this question by entering your answers in the tabs below. Determine the price of the bonds issued on February 1, 2021. (Do not round intermedlate calculations. Enter your answer in whole dollarr:) NA