On February 1, 2011, Cromley Motor Products issued 6% bonds, dated February 1, with a face amount of $70 million. The bonds mature on January 31, 2015 (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 $70,000 of the bonds as a long-term investment. The fiscal years of both firms end December 31