On February 1, 2024, Sanyal Motor Products issued 6% bonds, dated February 1, with a face amount of $90 million. - The bonds mature on January 31, 2028 (four years). - The market yield for bonds of similar risk and maturity was 8%. - 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. Required: 1. Determine the price of the bonds issued on February 1, 2024. 2-a. Prepare amortization schedules that indicate Sanyal's effective interest expense for each interest period during the term to maturity. 2-b. Prepare amortization schedules that indicate Barnwell's effective interest revenue for each interest period during the term to maturity. 3. Prepare the journal entries to record the issuance of the bonds by Sanyal and Barnwell's investment on February 1,2024. 4. Prepare the journal entries by both firms to record all events related to the bonds through January 31, 2026. Note: Use tables, Excel, or a financial calculator. (FV of \$1, PV of \$1. FVA of \$1. PVA of \$1. EVAD of \$1 and PVAD of S1) Complete this question by entering your answers in the tabs below. Determine the price of the bonds issued on February 1, 2024. Note: Do not round intermedlate calculations. Enter your answer in whole dollars. - The bonds mature on January 31.2028 (four years). - The market yield for bonds of similar risk and maturity was 8%. - 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. Required: 1. Determine the price of the bonds issued on February 1, 2024. 2-a. Prepare amortization schedules that indicate Sanyal's effective interest expense for each interest period during the term to maturity. 2-b. Prepare amortization schedutes that indicate Barnwell's effectlve interest revenue for each interest period during the term to maturity. 3. Prepare the journal entries to record the issuance of the bonds by Sanyal and Barnwell's investment on February 1,2024, 4. Prepare the journal entries by both firms to record all events related to the bonds through January 31, 2026. Note: Use tables, Excel, or a financial calculator. (EV of \$1. PV of \$1. EVA of S1. PVA of \$1. FVAD of \$1 and PVAD of \$1) Complete this question by entering your answers in the tabs below. Prepare amortization schedules that indicate Sanyal's effective interest expense for each interest period during the term to maturity. Note: Do not round intermediate calculations. Enter your answers in whole dollars. - The bonds mature on January 31, 2028 (four years). - The market yield for bonds of similar risk and maturity was 8%. - 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. Required: 1. Determine the price of the bonds issued on February 1, 2024. 2-a. Prepare amortization schedules that indicate Sanyal's effective interest expense for each interest period during the term to maturity. 2-b. Prepare amortization schedules that indicate Barnwell's effective interest revenue for each interest period during the term to maturity. 3. Prepare the joumal entries to record the issuance of the bonds by Sanyal and Barnwell's investment on February 1,2024. 4. Prepare the journal entries by both firms to record all events related to the bonds through January 31, 2026. Note: Use tables, Excel, or a financial calculator. (FV of S1, PV of \$1, EVA of \$1, PVA of S1, EVAD of \$1 and PVAD of S1) Complete this question by entering your answers in the tabs below. Prepare amortization schedules that indicate Barnwell's effective interest revenue for each interest period during the term to maturity. Note: Do not round intermediate calculations. Enter vour answers in whole dollars. Complete this question by entering your answers in the tabs below. Prepare the journal entries to record the issuance of the bonds by Sanyal and Barnwell's investment on February 1, 2024. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not rou intermediate calculations, Enter your answers in whole dollars. Journal entry worksheet 2-b. Prepare amortization schedules that indicate Barnwells eftective interest revenue tor each interest period during maturity: 3. Prepare the journal entries to record the issuance of the bonds by Sanyal and Barnwell's investment on February 1 , 4. Prepare the journal entries by both firms to record all events related to the bonds through January 31, 2026. Note: Use tables, Excel, or a financial calculator. (FV of \$1, PV of \$1. FVA of \$1, PVA of \$1, FVAD of \$1 and PVAD of \$1) Complete this question by entering your answers in the tabs below. Prepare the journal entries to record the issuance of the bonds by Sanyal and Barnwell's investment on February 1, 2024. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not rou intermediate calculations. Enter your answers in whole dollars. Journal entry worksheet Complete this question by entering your answers in the tabs below. Prepare the joumal entries by Sanyal to record all events related to the bonds through January 31, 2026. Note: If no entry is required for a transaction/event, select "No journai entry required" in the first account field. Do not round intermediate calculations. Enter your answers in whole dollars. Journal entry worksheet 56 Record the payment of interest for Sanyal Company. Note: Enter debits before credits. maturity. 3. Prepare the journal entries to record the issuance of the bonds by Sanyal and Barnwell's imvestment on February 1, 2024. 4. Prepare the journal entries by both firms to record all events related to the bonds through January 31,2026. Note: Use tables, Excel, or a financial calculator. (FV of S1. PV of S1, EVA of S1. PVA of S1, FVAD or S1 and PVAD of S1) Complete this question by entering your answers in the tabs below. Prepare the journal entries by Barnwell to record all events related to the bonds through January 31,2026. Note: If no entry is required for a transaction/event, select "No journal entry required". in the first account flitid. Do not round intermediate calculations. Enter your answers in whole dollars. Journal entry worksheet 23456 Record the receipt of interest for Barnwell Company. Note: Enter debits before credits