On February 1, 2021, Cromley Motor Products issued 8% bonds, dated February 1, with a face amount of $90 million. The bonds mature on January 31, 2025 (4 years). The market yield for bonds of similar risk and maturity was 10%. Interest is paid semiannually on July 31 and January 31. Barnwell Industries acquired $90,000 of the bonds as a long-term investment. The fiscal years of both firms end December 31. (FV of $1, PV of $1. FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: Untitled - Notepad File Edit Format View Help Ln 1, Col 1 100% Windows (CRLF) UTF-8 X 4. Prepare the journal entries by both firms to record all subsequent events related to the bonds through January 31, 2023.