PLEASE HELP with requirements: 2A, 2B, 4 Cromly, and 4 Barnwell.

On February 1, 2021, Cromley Motor Products issued 6% bonds, dated February 1, with a face amount of $85 million. The bonds mature on January 31, 2025 (4 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 $85,000 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: 1. Determine the price of the bonds issued on February 1, 2021. 2-a. Prepare amortization schedules that indicate Cromley'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 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. Req 1 Req 2A Req 2B Req 3 Req 4 Cromley Req 4 Barnwell Determine the price of the bonds issued on February 1, 2021. (Do not round intermediate calculations. Enter your answer in whole dollars.) Price of the bonds $ 79,277,167 Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Reg 2A Req 2B Reg 3 Req 4 Cromley Req 4 Barnwell Prepare amortization schedules that indicate Cromley's effective interest expense for each interest period during the term to maturity. (Do not round intermediate calculations. Enter your answers in whole dollars.) Payment Number Cash Payment Effective Interest Increase in Balance 1 $ 621,087 2 3 4 2,550,000 $ 2,550,000 2,550,000 2,550,000 2,550,000 2,550,000 2,550,000 2,550,000 20,400,000 $ 3,171,087 $ 3,195,930 3,221,767 3,248,638 3,276,584 Outstanding Balance $ 5,722,833 X 5,101,746 X 4,455,816 5,127,583 5,826,221 6,552,805 7,308,452 8,094,325 5 645,930 671,767 698,638 726,584 755,647 785,873 817,308 5,722,834 6 3,305,647 7 8 3,335,873 3,367,308 26,122,834 0 Totals $ $ Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Req 3 Req 4 Cromley Req 4 Barnwell Prepare amortization schedules that indicate Barnwell's effective interest revenue for each interest period during the term to maturity. (Do not round intermediate calculations. Enter your answers in whole dollars.) Payment Number Cash Payment Effective Interest Increase in Balance Outstanding Balance $ 5,723 1 $ 2,550 $ $ 621 3,171 3,196 2 646 2,550 2,550 5,102 X 4,456 2,084 3 178 (2,372) 4 5 6 7 8 817 0 x 3,367 9,912 Totals $ 7,650 $ $ (288) Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Req 3 Req 4 Cromley Req 4 Barnwell Prepare the journal entries to record the issuance of the bonds by Cromley and Barnwell's investment on February 1, 2021. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. Enter your answers in whole dollars.) No Date General Journal Debit Credit 1 February 01, 2021 Cash Discount on bonds payable Bonds payable 79,277,167 5,722,833 85,000,000 2 February 01, 2021 Investment in bonds 85,000 Cash 79,277 Discount on bond investment 5,723 Req 1 Req 2A Reg 2B Reg 3 Req 4 Cromley Req 4 Barnwell Prepare the journal entries by Cromley to record all subsequent events related to the bonds through January 31, 2023. (If no entry is required for a transaction/event, select "No journal entry required" In the first account fleld. Do not round intermediate calculations. Enter your answers in whole dollars.) No Date General Journal Debit Credit 1 July 31, 2021 3,248,638 X Interest expense Discount on bonds payable 698,638 x 2,550,000 2 3,276,539 X December 31, 202 Interest expense Discount on bonds payable Cash 726,584 X x 2,550,000 X 3 3,305,647 X January 31, 2022 Interest expense Discount on bonds payable Cash x 7,555,647 X 2,550,000 4. July 31, 2022 Interest expense 3,335,873 X Discount on bonds payable Discount on bonds payable 785,873 X 2,550,000 X 5 3,367,308 X December 31, 202 Interest expense Discount on bonds payable Cash 817,308 X X 2,550,000 X 6 January 31, 2023 Bonds payable Cash x 85,000,000 X x 85,000,000 X Req 1 Req 2A Req 2B Reg 3 Req 4 Cromley Req 4 Barnwell Prepare the journal entries by Barnwell to record all subsequent events related to the bonds through January 31, 2023. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. Enter your answers in whole dollars.) No Date General Journal Debit Credit 1 July 31, 2021 Cash 2,550 698 X Premium on investment in bonds x Interest revenue 3,248 X 2 December 31, 202 Cash Premium on investment in bonds X X Interest revenue 3 January 31, 2022 Cash Premium on investment in bonds Interest revenue 4 July 31, 2022 Cash Premium on investment in bonds x Interest revenue 5 December 31, 202 Cash Premium on investment in bonds X X Interest revenue 6 January 31, 2023 Cash Investment in bonds x