write: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 a

Cromley Motor Products issued 8% bonds
dated…;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.)