On January 1, 2019, Cranky Company issued 100, 5% stated rate $1,000 bonds dated January 1, 2019, with a total face amount of $100,000. The bonds mature in 3 years. For bonds of similar risk and maturity, the market yield is 6%. Interest is paid semiannually on June 30 and December 31.

Determine the price of the bonds at January 1, 2019.

Prepare the journal entry to record the bond issue by Cranky on January 1, 2019.

Prepare Cranky's journal entry to record interest on December 31, 2019, using the effective interest method.

Please provide the December 31, 2019 ending balance for each account in the general ledger associated with the Cranky bonds, clearly indicating Dr or Cr balance. and indicating B(balance sheet) or I (income statement).